Zero Coupon PR Debt Instruments. If the amount due and payable in respect of a Zero Coupon PR Debt Instrument on the redemption date is not paid when due, the Interest Rate for any such overdue principal shall be a rate per annum (expressed as a percentage) equal to the Amortisation Yield specified in the relevant Final Terms.
Zero Coupon PR Debt Instruments. In the case of Zero Coupon PR Debt Instruments, the Early Redemption Amount will be an amount (“Amortised Face Amount”) equal to the sum of:
(a) the Reference Price (as specified in the relevant Final Terms); and
(b) the product of the Accrual Yield (as specified in the relevant Final Terms) (compounded annually) being applied to the Reference Price (as specified in the relevant Final Terms) from (and including) the Issue Date to (but excluding) the date fixed for redemption or (as the case may be) the date upon which such PR Debt Instrument becomes due and repayable. Where such calculation is to be made for a period which is not a whole number of years, it shall be made on the basis of a 360-day year consisting of 12 months of 30 days each or such other Day Count Fraction as may be specified in the relevant Final Terms.
