Interest. Interest linked to an Underlying Reference
Interest. If so specified in the applicable Final Terms the Certificates will pay interest, such interest to be calculated on the basis of a fixed rate of interest ("Fixed Rate Certificates"), a floating rate of interest ("Floating Rate Certificates") or by reference to the performance of one or more Index, Share, GDR and/or ADR, Debt Security, Currency, Commodity, Inflation Index, Fund Share or any other underlying security or any combination thereof in the manner specified in the applicable Final Terms (such Certificates "Linked Interest Certificates"):
(A) Interest on Fixed Rate Certificates
(1) the Following Business Day Convention, such Interest Period End Date or Interest Payment Date, as the case may be, shall be postponed to the next day which is a Business Day; or
(2) the Modified Following Business Day Convention, such Interest Period End Date or Interest Payment Date, as the case may be, shall be postponed to the next day which is a Business Day unless it would thereby fall into the next calendar month, in which event such Interest Period End Date or Interest Payment Date, as the case may be, shall be brought forward to the immediately preceding Business Day; or
(3) the Preceding Business Day Convention, such Interest Period End Date or Interest Payment Date, as the case may be, shall be brought forward to the immediately preceding Business Day. If no Business Day Convention is specified as applicable to an Interest Period End Date in the applicable Final Terms except as provided in the applicable Final Terms the amount of interest payable on each Interest Payment Date in respect of the Interest Period ending on (but excluding) the Interest Period End Final Date in respect of such Interest Period, will amount to the Fixed Coupon Amount. Interest shall be calculated by applying the Rate of Interest to the Notional Amount of each Certificate and multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest sub-unit of the relevant Settlement Currency, half of any such sub-unit being rounded upwards or otherwise in accordance with applicable market convention. "sub-unit" means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.
(B) Interest on Floating Rate Certificates and Linked Interest Certificates
(i) Interest, Interest Periods and Business Day Convention Each Floating Ra...
Interest. Amounts that would otherwise be payable on the due date will continue to bear interest until whichever is the earlier of (i) the day on which all sums due in respect of such Subordinated Notes up to that day are received by or on behalf of the holders of Notes and (ii) the day which is seven days after the Fiscal Agent has notified the holders of Notes that it has received all sums due in respect of such Subordinated Notes up to such seventh day.
Interest. The Notes bear interest from and including the Issue Date at the rate of [●] per cent. per annum, payable in equal instalments semi-annually in arrear on 25 September and 25 March in each year, commencing on 25 March 2021 (each an “Interest Payment Date”) and will amount to €[●] per Calculation Amount (as defined below), except that the first payment of interest, to be made on 25 March 2021, will be in respect of the period from and including the Issue Date to but excluding 25 March 2021 (the “First Interest Period”) and will amount to €[●] per Calculation Amount (as defined below). Each Note will cease to bear interest from the due date for redemption unless, upon due presentation, payment of principal is improperly withheld or refused. In such event, it shall continue to bear interest at such rate (both before and after judgment) until whichever is the earlier of (a) the day on which all sums due in respect of such Note up to that day are received by or on behalf of the relevant holder, and (b) the day which is seven days after the Trustee or the Principal Paying Agent has notified Noteholders of receipt of all sums due in respect of all the Notes up to that seventh day (except to the extent that there is failure in the subsequent payment to the relevant holders under these Conditions). Save as provided above in relation to equal instalments, the day-count fraction will be calculated on an “Actual/Actual (ICMA)” basis as follows:
(a) if the Accrual Period is equal to or shorter than the Determination Period during which it falls, the day- count fraction will be the number of days in the Accrual Period divided by the product of (1) the number of days in such Determination Period and (2) the number of Determination Periods normally ending in any year; and
(b) if the Accrual Period is longer than one Determination Period, the day-count fraction will be the sum of:
(i) the number of days in such Accrual Period falling in the Determination Period in which it begins divided by the product of (1) the number of days in such Determination Period and (2) the number of Determination Periods normally ending in any year; and
(ii) the number of days in such Accrual Period falling in the next Determination Period divided by the product of (a) the number of days in such Determination Period and (2) the number of Determination Periods normally ending in any year where:
Interest. 5.1 Interest Rate and Interest Payment Dates The Notes bear interest from and including the Issue Date at a minimum rate of 3 per cent. per annum (the Rate of Interest), payable annually in arrear on 18 October in each year (each an “Interest Payment Date”). The first payment shall be made on 18 October 2020.
Interest. (A) Interest Amount If so specified in the applicable Final Terms, each Certificate pays interest from and including the Interest Commencement Date of the Certificates at the Interest Rate payable in arrear on each Interest Payment Date. The amount of interest payable in respect of each Certificate on each Interest Payment Date will amount to the Interest Amount (as defined below) for the Interest Period (as defined below) ending on (but excluding) such Interest Payment Date. If interest is required to be calculated for a period ending other than on (but excluding) an Interest Payment Date, it will be calculated on the basis of the number of days from and including the most recent Interest Payment Date (or, if none, the issue date of the Certificates) to but excluding the relevant payment date, and the relevant interest rate day count fraction as specified in the applicable Final Terms (the “Interest Rate Day Count Fraction”). Such Interest Rate and/or Interest Amount may be a fixed nominal (“Fixed Interest Certificates”) or floating (“Floating Rate Certificates”) interest rate or it may be determined by reference to (“Interest Indexed Certificates”), and the application of such Interest Rate and/or the payment of such Interest Amount may be limited or affected by, the performance of an Index, a Share, a Debt Security, a Commodity, an Inflation Index, a Fund Share or any other underlying security or any combination thereof in the manner specified in the applicable Final Terms and, for avoidance of doubt, the provisions in these Terms and Conditions relating to such Index, Share, Debt Security, Commodity, Inflation Index, Fund Share or other underlying security shall apply mutatis mutandis in the manner specified in the applicable Final Terms.
Interest. (a) Interest Rate and Interest Payment Dates: The Notes bear interest on their principal amount outstanding from and including the Issue Date to, but excluding, 19 February 2027, at a rate of interest per annum (the "Rate of Interest") which is a minimum rate of
Interest. (a) Interest on Fixed Rate Notes
(1) Unadjusted Fixed Rate Notes Unless otherwise specified in the applicable Final Terms, each Unadjusted Fixed Rate Note bears interest from (and including or, in respect of Swedish Uncertificated Notes, but excluding) the Interest Commencement Date at the rate(s) per annum equal to the Rate(s) of Interest. Interest will be payable in arrear on the Interest Payment Date(s) in each year up to (and including) the Maturity Date. Unless otherwise specified in the applicable Final Terms, if the Notes are Definitive Bearer Notes, the amount of interest payable on each Interest Payment Date in respect of the Interest Period ending on such date will amount to the Fixed Coupon Amount. Payments of interest on any Interest Payment Date will, if so specified in the applicable Final Terms, amount to the Broken Amount so specified. Except in the case of Notes which are Definitive Bearer Notes where an applicable Fixed Coupon Amount or Broken Amount is specified in the applicable Final Terms, interest shall be calculated in respect of any period by applying the Rate of Interest to:
(i) in the case of Fixed Rate Notes which are Uncertificated Notes or Notes represented by a global Note, the aggregate outstanding nominal amount of the Notes of the relevant Series (or, if they are Partly Paid Notes, the aggregate amount paid up); or
(ii) in the case of Fixed Rate Notes which are Definitive Bearer Notes or Definitive Registered Notes, the Calculation Amount, and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest sub-unit (defined below) of the relevant Specified Currency, half of any such sub- unit being rounded upwards or otherwise as specified in the applicable Final Terms. Where the Specified Denomination of a Fixed Rate Note which is a Definitive Bearer Note or a Definitive Registered Note is a multiple of the Calculation Amount, the amount of interest payable in respect of such Fixed Rate Note shall be the product of the amount (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, without any further rounding.
(2) Adjusted Fixed Rate Notes
(i) Unless otherwise specified in the applicable Final Terms, each Adjusted Fixed Rate Note bears interest from (and including or, in respect of Swedish Uncertificated Notes, but excluding) the Interest Commencement Dat...
Interest. Unless this Note is an Original Issue Discount Note, this Note will bear interest at either:
(a) a fixed rate; or
(b) a floating rate determined by reference to an interest rate basis (an "Interest Rate Basis"), which may be adjusted by a Spread, and, in either case, such rate may be subject to adjustment in accordance with Condition 5.3 ("Adjustment of rate of interest for Fixed Rate Notes and Floating Rate Notes") below. Any Floating Rate Note may also have either or both of the following:
(i) a maximum interest rate limitation, or ceiling, on the rate at which interest may accrue during any Interest Reset Period; and
(ii) a minimum interest rate limitation, or floor, on the rate at which interest may accrue during any Interest Reset Period, provided that if no minimum interest rate is specified or if the Final Terms indicate that the minimum interest rate is not applicable, then the minimum interest rate shall be zero. The applicable Final Terms will designate:
(a) a Fixed Interest Rate per annum, in which case such Notes will be "Fixed Rate Notes"; or
(b) one of the following Interest Rate Bases as applicable to such Notes, in which case such Notes will be "Floating Rate Notes":
(i) AUD BBSW (as defined below), in which case the Notes will be "AUD BBSW Notes";
(ii) CAD BA (as defined below), in which case the Notes will be "CAD BA Notes";
(iii) CMS Rate (as defined below), in which case such Notes will be "CMS Rate Notes";
(iv) CMT Rate (as defined below), in which case such Notes will be "CMT Rate Notes";
Interest. (a) Interest Rate and Interest Payment Dates: The Notes bear interest on their principal amount outstanding from and including the Issue Date to, but excluding, 13 May 2027, at a rate of interest per annum (the "Rate of Interest") which is a minimum rate of 2 per cent. per annum (the “Minimum Interest Rate”). The Rate of Interest is payable in equal instalments annually in arrears on 13 May in each year, commencing on 13 May 2022 (each an "Interest Payment Date"). The Rate of Interest will be determined prior to the Issue Date and will be set out in the Interest Rate, Yield and Redemption Prices Notice and will be included in the final form of the Conditions.