PRICING AGREEMENTFiscal Agency Agreement • September 17th, 2021 • Italy Republic Of • Foreign governments • New York
May 6 and November 6 of each year, commencing November 6, 2021 (each an "Interest Payment Date"), with interest accruing from May 6, 2021, provided such day is a Banking Day. If any Interest Payment Date is not a Banking Day, payment shall be made on the immediately succeeding Banking Day without any interest or other payment as a result of the delay. Interest will be paid to the persons in whose names the Securities are registered at the close of business on the preceding April 22 and October 23 as the case may be (the "Record Date"). "Banking Day" means any day that is a day on which banking institutions in The City of New York are not generally authorized or obligated by law, regulation or executive order to close. Interest will be calculated on the basis of a 360-year of twelve 30-day months.
