<SEC-DOCUMENT>0001104659-23-089828.txt : 20230810
<SEC-HEADER>0001104659-23-089828.hdr.sgml : 20230810
<ACCEPTANCE-DATETIME>20230810162929
ACCESSION NUMBER:		0001104659-23-089828
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230810
DATE AS OF CHANGE:		20230810

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCDONALDS CORP
		CENTRAL INDEX KEY:			0000063908
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				362361282
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-258270
		FILM NUMBER:		231159989

	BUSINESS ADDRESS:	
		STREET 1:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607
		BUSINESS PHONE:		630 623 3000

	MAIL ADDRESS:	
		STREET 1:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<FILENAME>tm2323206d6_424b2.htm
<DESCRIPTION>424B2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font-size: 11pt; margin: 0pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: right; margin: 0pt; font-size: 11pt"><FONT STYLE="font-size: 11pt">Filed Pursuant to Rule 424(b)(2)</FONT></P>

<P STYLE="margin: 0pt; text-align: right; font-size: 11pt"><FONT STYLE="font-size: 11pt">Registration Statement No. 333-258270</FONT></P>

<P STYLE="margin: 0pt; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt"><B><U>PRICING SUPPLEMENT NO. 5 Dated
August&nbsp;9, 2023</U></B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">(To Prospectus Dated July&nbsp;29, 2021
and</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp; Prospectus Supplement Dated July&nbsp;29,
2021)</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 11pt"><B>McDONALD&rsquo;S
CORPORATION</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 11pt">Medium-Term Notes</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 11pt">(Fixed Rate Notes)</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 11pt">Due From One Year
to 60 Years From Date of Issue</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">The following description of the terms
of the Notes offered hereby supplements, and, to the extent inconsistent therewith, replaces, the descriptions included in the Prospectus
and Prospectus Supplement referred to above, to which descriptions reference is hereby made.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Principal
                            Amount</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">USD 800,000,000</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Issue
Price</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">99.721% of the principal amount
of the Notes</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Original Issue
Date</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">August&nbsp;14, 2023 (T+3)<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT></FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Stated
Maturity</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">August&nbsp;14, 2053</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Interest
Rate</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">5.450% per annum</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Interest
Payment Dates</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">February&nbsp;14 and August&nbsp;14
of each year, beginning February&nbsp;14, 2024</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-size: 11pt">[Applicable only if other than February&nbsp;15
and August&nbsp;15 of each year]</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Regular Record
Dates</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">January&nbsp;30 and July&nbsp;30
of each year, as the case may be</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-size: 11pt">[Applicable only if other than February&nbsp;1
and August&nbsp;1 of each year]</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Form</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt"><FONT STYLE="font-family: Wingdings">&#120;</FONT>
                                                                                                                                                                                Book-Entry <FONT STYLE="font-family: Wingdings">&#168;</FONT> Certificated</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Specified
Currency</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">[Applicable only
if other than U.S. dollars]</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Option to Receive
                                                      Payments in Specified Currency</U></FONT><FONT STYLE="font-size: 11pt">:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>
                                                      Yes <FONT STYLE="font-family: Wingdings">&#168;</FONT> No</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-size: 11pt">[Applicable only if Specified Currency
is other than U.S. dollars and if Note is not in Book Entry form]</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Authorized
Denominations</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in"><FONT STYLE="font-size: 11pt">[Applicable
only if other than U.S. $1,000 and increments of U.S. $1,000, or if Specified Currency is other than U.S. dollars]</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 0"></TD><TD STYLE="font-size: 10pt; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP>&nbsp;</FONT></TD><TD STYLE="text-align: justify; font-size: 10pt"><FONT STYLE="font-size: 10pt">It
                                            is expected that delivery of the Notes will be made against payment therefor on or about
                                            August 14, 2023, which will be the third business day following the date of pricing of the
                                            Notes, or &ldquo;T+3.&rdquo; Under Rule 15c6-1 of the Securities Exchange Act of 1934, as
                                            amended, trades in the United States secondary market generally are required to settle in
                                            two business days, unless the parties to any such trade expressly agree otherwise. Accordingly,
                                            purchasers who wish to trade the Notes on the date of pricing will be required, by virtue
                                            of the fact the Notes initially will settle in T+3, to specify an alternate settlement cycle
                                            at the time of any such trade to prevent a failed settlement. Each purchaser should consult
                                            their own advisor.</FONT></TD></TR></TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Method
of Payment of Principal</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">[Applicable only
if other than immediately available funds]</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Optional
Redemption</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 4%"><FONT STYLE="font-family: Wingdings">&#168;</FONT><FONT STYLE="font-size: 11pt"></FONT></TD>
                                                                                                                                                                                              <TD STYLE="text-align: justify; width: 71%"><FONT STYLE="font-size: 11pt">The Notes cannot be redeemed prior to Stated Maturity.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 25%"></TD><TD STYLE="font-size: 11pt; width: 4%"><FONT STYLE="font-family: Wingdings">&#120;</FONT><FONT STYLE="font-size: 11pt"></FONT></TD><TD STYLE="font-size: 11pt; width: 71%"><FONT STYLE="font-size: 11pt">The
                                            Notes can be redeemed in whole or in part at any time prior to Stated Maturity at the option
                                            of McDonald&rsquo;s Corporation (the &ldquo;Company&rdquo;) as set forth below.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="padding-left: 0.5in; width: 29%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Optional
Redemption Dates</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 71%"><FONT STYLE="font-size: 11pt">At any time prior to Stated Maturity
at the option of the Company as set forth below.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Redemption
Prices</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 0.75in"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-family: Wingdings">&#168;</FONT><FONT STYLE="font-family: Wingdings; font-size: 11pt; color: #0070c0"></FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">The
                                            Redemption Price shall initially be &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of the principal amount of the Note to be redeemed
                                            and shall decline at each anniversary of the initial Optional Redemption Date by &nbsp;&nbsp;&nbsp;&nbsp;% of the
                                            principal amount to be redeemed until the Redemption Price is 100% of such principal amount;
                                            <I>provided, however,</I> that if this Note is an Original Issue Discount Note, the Redemption
                                            Price shall be the Amortized Face Amount of the principal amount to be redeemed.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 0.75in"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;</TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Other:
                                            Prior to February&nbsp;14, 2053 (the &ldquo;Par Call Date&rdquo;), the Company may redeem
                                            the Notes at its option, in whole or in part, at any time and from time to time, at a redemption
                                            price (expressed as a percentage of principal amount and rounded to three decimal places)
                                            equal to the greater of:</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 1.5in"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-size: 11pt">(1)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">(a)&nbsp;the
                                            sum of the present values of the remaining scheduled payments of principal and interest on
                                            the Notes to be redeemed discounted to the redemption date (assuming the Notes matured on
                                            the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
                                            months) at the Treasury Rate plus 20 basis points, less (b)&nbsp;interest accrued to the
                                            redemption date, and</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 1.5in"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-size: 11pt">(2)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">100%
                                            of the principal amount of the Notes to be redeemed,</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: -0.5in"><FONT STYLE="font-size: 11pt">plus, in
either case, accrued and unpaid interest thereon to the redemption date.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 11pt">On or after the Par Call Date,
the Company may redeem the Notes at its option, in whole or in part, at any time and from time to time, at a redemption price equal to
100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to the redemption date.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">&ldquo;Treasury
Rate&rdquo; means, with respect to any redemption date, the yield determined by the Company in accordance with the following two paragraphs.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">The Treasury
Rate shall be determined by the Company as of 4:15 p.m., New York City time (or as of such time as yields on U.S. government securities
are posted daily by the Board of Governors of the Federal Reserve System), on the third business day preceding the redemption date based
upon the yield or yields for the most recent day that appear as of such time on such day in the most recent statistical release published
by the Board of Governors of the Federal Reserve System designated as &ldquo;Selected Interest Rates (Daily) - H.15&rdquo; (or any successor
designation or publication) (&ldquo;H.15&rdquo;) under the caption &ldquo;U.S. government securities&ndash;Treasury constant maturities&ndash;Nominal&rdquo;
(or any successor caption or heading) (&ldquo;H.15 TCM&rdquo;). In determining the Treasury Rate, the Company shall select, as applicable:
(1)&nbsp;the yield for the Treasury constant maturity on H.15 exactly equal to the period from the</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-size: 11pt">redemption date to the Par
Call Date (the &ldquo;Remaining Life&rdquo;); (2)&nbsp;if there is no such Treasury constant maturity on H.15 exactly equal to the Remaining
Life, the two yields &ndash; one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than the Remaining
Life and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the Remaining Life &ndash; and shall
interpolate to the Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result
to three decimal places; or (3)&nbsp;if there is no such Treasury constant maturity on H.15 shorter than or longer than the Remaining
Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the
applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months
or years, as applicable, of such Treasury constant maturity from the redemption date.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">If on
the third business day preceding the redemption date H.15 TCM is no longer published, the Company shall calculate the Treasury Rate based
on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second business
day preceding the redemption date of the United States Treasury security maturing on, or with a maturity that is closest to, the Par
Call Date. If there is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury
securities with a maturity date equally distant from the Par Call Date &ndash; one with a maturity date preceding the Par Call Date and
one with a maturity date following the Par Call Date &ndash; the Company shall select the United States Treasury security with a maturity
date preceding the Par Call Date. If there are two or more United States Treasury securities maturing on the Par Call Date or two or
more United States Treasury securities meeting the criteria of the preceding sentence, the Company shall select from among these two
or more United States Treasury securities the United States Treasury security that is trading closest to par based upon the average of
the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time on the second business day preceding
the redemption date. For purposes of this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security
shall be based upon the average of the bid and asked prices for such United States Treasury security (expressed as a percentage of principal
amount and rounded to three decimal places) at 11:00 a.m., New York City time, on the second business day preceding the redemption date.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">The Company&rsquo;s
actions and determinations in determining the redemption price shall be conclusive and binding for all purposes, absent manifest error,
and the trustee shall have no duty to confirm or verify any such determination.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">Unless
the Company defaults in payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes
or portions thereof called for redemption.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Sinking
Fund</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 3%"><FONT STYLE="font-size: 11pt"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
                                                          <TD STYLE="text-align: justify; width: 72%"><FONT STYLE="font-size: 11pt">The Notes are not subject to a Sinking Fund.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%"></TD><TD STYLE="width: 3%; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify; width: 72%">The Notes are subject to a Sinking Fund.</TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Sinking
Fund Dates</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Sinking
Fund Amounts</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Amortizing
Note</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD>
                                                                                                                                                                                             <TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-family: Wingdings">&#168;</FONT><FONT STYLE="font-size: 11pt">&nbsp;&nbsp;Yes&nbsp;&nbsp;
                                            <FONT STYLE="font-family: Wingdings">&#120;</FONT>&#8239;&#8239;No</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Amortizing
Schedule</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="text-align: center; width: 25%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
  <TD STYLE="text-align: center; width: 25%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
  <TD STYLE="text-align: center; width: 50%"><FONT STYLE="font-size: 11pt">Outstanding Balance</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; padding-left: 0.5in; text-indent: 0in"><FONT STYLE="font-size: 11pt"><U>Repayment Date</U></FONT></TD>
  <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt"><U>Repayment Amount</U></FONT></TD>
  <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt"><U>Following Repayment Amount</U></FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt"></FONT></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%">
<TR STYLE="vertical-align: top; text-align: justify"><TD STYLE="text-align: left; width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Optional
Repayment</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD>
                                                                                                                                                                                             <TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-family: Wingdings">&#168;</FONT><FONT STYLE="font-size: 11pt">&nbsp;&nbsp;Yes&nbsp;&nbsp;
                                            <FONT STYLE="font-family: Wingdings">&#120;</FONT>&#8239;&#8239;No</FONT></TD>
</TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Optional
Repayment Dates</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Optional
Repayment Prices</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%">
<TR STYLE="vertical-align: top; text-align: justify"><TD STYLE="text-align: left; width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Original
Issue Discount Note</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD>
                                                                                                                                                                                             <TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-family: Wingdings">&#168;</FONT><FONT STYLE="font-size: 11pt">&nbsp;&nbsp;Yes&nbsp;&nbsp;
                                            <FONT STYLE="font-family: Wingdings">&#120;</FONT>&#8239;&#8239;No</FONT></TD>
</TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Total
Amount of OID</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Yield
to Stated Maturity</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Initial
Accrual Period OID</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Calculation
Agent (if other than Principal Paying Agent)</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Agents&rsquo;
Discount</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">0.875% of the principal amount
of the Notes</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Net proceeds
to Company</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">98.846% of the principal amount
of the Notes</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Agents&rsquo;
Capacity</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="text-align: justify; width: 75%"><FONT STYLE="font-family: Wingdings; font-size: 11pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&nbsp;&nbsp;<FONT STYLE="font-size: 11pt">Agent &nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;Principal</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Agents</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%">
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt; width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Joint
    Bookrunners:</FONT></TD>
    <TD STYLE="font-size: 11pt; width: 75%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Citigroup
    Global Markets Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Goldman
    Sachs&nbsp;&amp; Co. LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Truist
    Securities,&nbsp;Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Wells
    Fargo Securities, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Mizuho
    Securities USA LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">PNC
    Capital Markets LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">U.S.
    Bancorp Investments,&nbsp;Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Co-Managers:</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">ANZ
    Securities,&nbsp;Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Barclays
    Capital Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">BNP
    Paribas Securities Corp.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">BofA
    Securities,&nbsp;Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Commerz
    Markets LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Credit
    Agricole Securities (USA) Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">HSBC
    Securities (USA) Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">ING
    Financial Markets LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">J.P.
    Morgan Securities LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">MUFG
    Securities Americas Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Rabo
    Securities USA,&nbsp;Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">RBC
    Capital Markets, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">SG
    Americas Securities, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Standard
    Chartered Bank</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">TD
    Securities (USA) LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">UniCredit
    Capital Markets LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Westpac
    Capital Markets, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">AmeriVet
    Securities Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Blaylock
    Van, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Cabrera
    Capital Markets, LLC</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%">
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt; width: 25%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; width: 75%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">CastleOak
    Securities, L.P.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Drexel
    Hamilton, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Independence
    Point Securities LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="padding-left: 0.625in; font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Penserra
    Securities LLC</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="padding-left: 0.5in; width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>CUSIP</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="padding-left: 0.5in; text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">58013M FW9</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="padding-left: 0.5in; width: 25%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>ISIN</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></TD><TD STYLE="padding-left: 0.5in; text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">US58013M FW91</FONT></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Plan
of Distribution to Agents</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 52%; border-collapse: collapse; margin-right: 3.5in; margin-left: 0.5in">
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt; width: 64%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Agent</U></FONT></TD>
    <TD STYLE="font-size: 11pt; width: 36%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Principal
    Amount</U></FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Citigroup
    Global Markets Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">$152,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Goldman
    Sachs&nbsp;&amp; Co. LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">148,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Truist
    Securities,&nbsp;Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">148,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Wells
    Fargo Securities, LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">148,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Mizuho
    Securities USA LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">36,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">PNC
    Capital Markets LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">36,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">U.S.
    Bancorp Investments,&nbsp;Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">36,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">ANZ
    Securities,&nbsp;Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Barclays
    Capital Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">BNP
    Paribas Securities Corp.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">BofA
    Securities,&nbsp;Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Commerz
    Markets LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Credit
    Agricole Securities (USA) Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">HSBC
    Securities (USA) Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">ING
    Financial Markets LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">J.P.
    Morgan Securities LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">MUFG
    Securities Americas Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Rabo
    Securities USA,&nbsp;Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">RBC
    Capital Markets, LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">SG
    Americas Securities, LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Standard
    Chartered Bank</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">TD
    Securities (USA) LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">UniCredit
    Capital Markets LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Westpac
    Capital Markets, LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">AmeriVet
    Securities Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Blaylock
    Van, LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Cabrera
    Capital Markets, LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">CastleOak
    Securities, L.P.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Drexel
    Hamilton, LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Independence
    Point Securities LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">4,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Penserra
    Securities LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,000,000</U></FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Total</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">$800,000,000</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Additional
Information Regarding Agents</U></FONT><FONT STYLE="font-size: 11pt">:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Standard Chartered Bank will not effect
any offers or sales of any notes in the U.S. unless it is through one or more U.S. registered broker-dealers as permitted by the regulations
of FINRA.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt"><U>Modification of Prospectus Supplement,
dated July&nbsp;29, 2021</U></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">The Prospectus Supplement, dated July&nbsp;29,
2021, is modified as follows:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 0"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-size: 11pt">(1)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt"><I>Marketing
                                            Legends</I>: The text appearing on pages&nbsp;S-ii and S-iii shall be replaced in its entirety
                                            with the following six paragraphs:</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">None of
this prospectus supplement, the accompanying prospectus and any related pricing supplement is a prospectus for the purposes of the Prospectus
Regulation (as defined</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 11pt">below). This prospectus supplement,
the accompanying prospectus and any related pricing supplement have been prepared on the basis that any offer of notes in any Member
State of the European Economic Area (the &ldquo;<I>EEA</I>&rdquo;) will only be made to a legal entity which is a qualified investor
under the Prospectus Regulation (&ldquo;<I>EEA Qualified Investors</I>&rdquo;). Accordingly any person making or intending to make an
offer in any Member State of notes that are the subject of the offering contemplated in this prospectus supplement, the accompanying
prospectus and any related pricing supplement may only do so with respect to EEA Qualified Investors. Neither we nor the agents have
authorized, nor do we or they authorize, the making of any offer of notes in the EEA other than to EEA Qualified Investors. The expression
 &ldquo;<I>Prospectus Regulation</I>&rdquo; means Regulation (EU) 2017/1129, as amended.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt"><B>PROHIBITION
OF SALES TO EEA RETAIL INVESTORS </B>&mdash; The notes are not intended to be offered, sold or otherwise made available, and should not
be offered, sold or otherwise made available, to any retail investor in the EEA. For these purposes, a &ldquo;retail investor&rdquo;
means a person who is one (or more) of: (i)&nbsp;a retail client as defined in point (11) of Article&nbsp;4(1)&nbsp;of Directive 2014/65/EU,
as amended (&ldquo;<I>MiFID II</I>&rdquo;); (ii)&nbsp;a customer within the meaning of Directive (EU) 2016/97, as amended (the &ldquo;<I>Insurance
Distribution Directive</I>&rdquo;), where that customer would not qualify as a professional client as defined in point (10)&nbsp;of Article&nbsp;4(1)&nbsp;of
MiFID II; or (iii)&nbsp;not a qualified investor as defined in the Prospectus Regulation. Consequently, no key information document required
by Regulation (EU) No 1286/2014, as amended (the &ldquo;<I>PRIIPs Regulation</I>&rdquo;), for offering or selling the notes or otherwise
making them available to retail investors in the EEA has been prepared and therefore offering or selling the notes or otherwise making
them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">None of
this prospectus supplement, the accompanying prospectus and any related pricing supplement is a prospectus for the purposes of the UK
Prospectus Regulation (as defined below). This prospectus supplement, the accompanying prospectus and any related pricing supplement
have been prepared on the basis that any offer of notes in the United Kingdom will only be made to a legal entity which is a qualified
investor under the UK Prospectus Regulation (&ldquo;<I>UK Qualified Investors</I>&rdquo;). Accordingly any person making or intending
to make an offer in the United Kingdom of notes that are the subject of the offering contemplated in this prospectus supplement, the
accompanying prospectus and any related pricing supplement may only do so with respect to UK Qualified Investors. Neither we nor the
agents have authorized, nor do we or they authorize, the making of any offer of notes in the UK other than to UK Qualified Investors.
The expression &ldquo;<I>UK Prospectus Regulation</I>&rdquo; means Regulation (EU) 2017/1129 as it forms part of domestic law of the
United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as amended by the European Union (Withdrawal Agreement) Act 2020
(the &ldquo;<I>EUWA</I>&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">The communication
of this prospectus supplement, the accompanying prospectus, any related pricing supplement and any other document or materials relating
to the notes is not being made, and such documents and/or materials have not been approved, by an authorized person for the purposes
of section 21 of the United Kingdom&rsquo;s Financial Services and Markets Act 2000, as amended (the &ldquo;<I>FSMA</I>&rdquo;). Accordingly,
such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom.
This prospectus supplement, the accompanying prospectus, any related pricing supplement and such other documents and/or materials are
for distribution only to persons who (i)&nbsp;have professional experience in matters relating to investments and who fall within the
definition of</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 11pt">investment professionals (as
defined in Article&nbsp;19(5)&nbsp;of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the &quot;<I>Financial
Promotion Order</I>&quot;)), (ii)&nbsp;fall within Article&nbsp;49(2)(a)&nbsp;to (d)&nbsp; of the Financial Promotion Order, (iii)&nbsp;are
outside the United Kingdom, or (iv)&nbsp;are other persons to whom it may otherwise lawfully be made under the Financial Promotion Order
(all such persons together being referred to as &quot;<I>relevant persons</I>&quot;). This prospectus supplement, the accompanying prospectus,
any related pricing supplement and any other document or materials relating to the notes are directed only at relevant persons and must
not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which prospectus supplement,
the accompanying prospectus, any related pricing supplement and any other document or materials relates will be engaged in only with
relevant persons. Any person in the United Kingdom that is not a relevant person should not act or rely on this prospectus supplement,
the accompanying prospectus, any related pricing supplement and any other document or materials relating to the notes or any of their
contents.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt"><B>PROHIBITION
OF SALES TO UK RETAIL INVESTORS &mdash; </B>The notes are not intended to be offered, sold or otherwise made available, and should not
be offered, sold or otherwise made available, to any retail investor in the United Kingdom. For these purposes, a retail investor means
a person who is one (or more) of: (i)&nbsp;a retail client, as defined in point (8)&nbsp;of Article&nbsp;2 of Regulation (EU) No 2017/565
as it forms part of domestic law of the United Kingdom by virtue of the EUWA; (ii)&nbsp;a customer within the meaning of the provisions
of the FSMA, and any rules&nbsp;or regulations made under the FSMA to implement the Insurance Distribution Directive, where that customer
would not qualify as a professional client, as defined in point (8)&nbsp;of Article&nbsp;2(1)&nbsp;of Regulation (EU) No 600/2014 as
it forms part of domestic law of the United Kingdom by virtue of the EUWA (&ldquo;<I>UK MiFIR</I>&rdquo;); or (iii)&nbsp;not a qualified
investor as defined in Article&nbsp;2 of Regulation (EU) 2017/1129 as it forms part of domestic law of the United Kingdom by virtue of
the EUWA. Consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law of the United
Kingdom by virtue of the EUWA (the &ldquo;<I>UK PRIIPs Regulation</I>&rdquo;) for offering or selling the notes or otherwise making them
available to retail investors in the United Kingdom has been prepared and therefore offering or selling the notes or otherwise making
them available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt"><B>MIFID
II/ UK MIFIR PRODUCT GOVERNANCE / TARGET MARKET &mdash; </B>The pricing supplement in respect of any notes may include a legend entitled
 &ldquo;MiFID II Product Governance&rdquo; and/or &ldquo;UK MiFIR Product Governance&rdquo;, as applicable, which will outline the target
market assessment in respect of the notes and which channels for distribution of the notes are appropriate. Any person subsequently offering,
selling or recommending the notes (a &ldquo;<I>distributor</I>&rdquo;) should take into consideration the target market assessment. However,
a distributor subject to MiFID II and/or the FCA Handbook Product Intervention and Product Governance Sourcebook (the &ldquo;<I>UK MiFIR
Product Governance Rules</I>&rdquo;), as applicable, is responsible for undertaking its own target market assessment in respect of the
notes (by either adopting or refining the target market assessment) and determining appropriate distribution channels. A determination
will be made in relation to each issue about whether, for the purpose of the MiFID Product Governance rules&nbsp;under EU Delegated Directive
2017/593, as amended (the &ldquo;<I>MiFID Product Governance Rules</I>&rdquo;), and/or the UK MiFIR Product Governance Rules, as applicable,
any agent subscribing for any notes is a manufacturer in respect of such notes, but otherwise neither the agents nor any of their respective
affiliates will be a manufacturer for the purpose of the MiFID Product Governance Rules&nbsp;and/or the UK</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>




<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 11pt">MiFIR Product Governance Rules,
as applicable. We make no representation or warranty as to any manufacturer&rsquo;s or distributor&rsquo;s compliance with the MiFID
Product Governance Rules&nbsp;and/or the UK MiFIR Product Governance Rules, as applicable. We make no representation or warranty as to
any manufacturer&rsquo;s or distributor&rsquo;s compliance with the MiFID Product Governance Rules&nbsp;or the UK MiFIR Product Governance
Rules, as applicable.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 0"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-size: 11pt">(2)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt"><I>Plan
                                            of Distribution</I>: The text under &ldquo;Plan of Distribution&rdquo; is amended as follows:</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 0.5in"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-size: 11pt">(a)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">The
                                            text appearing under the subheading &ldquo;Prohibition of Sales to EEA Retail Investors&rdquo;
                                            on page&nbsp;S-50 shall be replaced in its entirety with the following:</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 11pt"><B>Prohibition of Sales to EEA
Retail Investors</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">Each
agent has represented and agreed, and each further agent appointed under the Distribution Agreement will be required to represent and
agree, that it has not offered, sold or otherwise made available and will not offer, sell or otherwise make available, any notes which
are the subject of the offering contemplated by this prospectus supplement as completed by the pricing supplement in relation thereto
to any retail investor in the EEA. For the purposes of this provision:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 1.5in"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(a)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">the
                                            expression &ldquo;<I>retail investor</I>&rdquo; means a person who is one (or more) of the
                                            following:</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 2in"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(i)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">a
                                            retail client as defined in point (11) of Article&nbsp;4(1)&nbsp;of MiFID II;</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 2in"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(ii)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">a
                                            customer within the meaning of the Insurance Distribution Directive, where that customer
                                            would not qualify as a professional client as defined in point (10)&nbsp;of Article&nbsp;4(1)&nbsp;of
                                            MiFID II; or</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 2in"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(iii)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">not
                                            a qualified investor as defined in the Prospectus Regulation; and</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 1.5in"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(b)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">the
                                            expression &ldquo;<I>offer</I>&rdquo; includes the communication in any form and by any means
                                            of sufficient information on the terms of the offer and the notes to be offered so as to
                                            enable an investor to decide to purchase or subscribe for the notes.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 0.5in"></TD><TD STYLE="font-size: 11pt; width: 0.5in"><FONT STYLE="font-size: 11pt">(b)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">The
                                            text appearing under the subheading &ldquo;Prohibition of Sales to United Kingdom Retail
                                            Investors&rdquo; on page&nbsp;51 shall be replaced in its entirety with the following:</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 11pt"><B>Prohibition of Sales to United
Kingdom Retail Investors</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">Each agent
has represented and agreed, and each further agent appointed under the Distribution Agreement will be required to represent and agree,
that it has not offered, sold or otherwise made available and will not offer, sell or otherwise make available any notes to any retail
investor in the United Kingdom. For the purposes of this provision:</FONT></P>

<P STYLE="text-align: justify; font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;</FONT><FONT STYLE="font-size: 11pt">the
expression &ldquo;<I>retail investor</I>&rdquo; means a person who is one (or more) of the following:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(i)&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 11pt">a
retail client, as defined in point (8)&nbsp;of Article&nbsp;2 of Regulation (EU) No 2017/565 as it forms part of domestic law of the
United Kingdom by virtue of the EUWA;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt"></FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;</FONT><FONT STYLE="font-size: 11pt">a
customer within the meaning of the provisions of the FSMA and any rules&nbsp;or regulations made under the FSMA to implement the Insurance
Distribution Directive, where that customer would not qualify as a professional client, as defined in point (8)&nbsp;of Article&nbsp;2(1)&nbsp;of
UK MiFIR; or</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;</FONT><FONT STYLE="font-size: 11pt">not
a qualified investor as defined in Article&nbsp;2 of the UK Prospectus Regulation; and</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 11pt">the
expression &ldquo;<I>offer</I>&rdquo; includes the communication in any form and by any means of sufficient information on the terms
of the offer and the notes to be offered so as to enable an investor to decide to purchase or subscribe for the notes.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>





<P STYLE="font-size: 11pt; margin: 0pt"></P>

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<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>2
<FILENAME>tm2323206d6_ex-filingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>EX-FILING FEES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Calculation of Filing Fee Tables</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>424(b)(2)</B></FONT><FONT STYLE="font-size: 12pt"><BR>
</FONT>(Form&nbsp;Type)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>McDonald&rsquo;s
Corporation</B></FONT><FONT STYLE="font-size: 12pt"><BR>
</FONT>(Exact Name of Registrant as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not Applicable</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of Registrant&rsquo;s Name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Table 1: Newly Registered and Carry Forward
Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: top; width: 8%; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Security&nbsp;Type</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Security<BR>
Class<BR>
Title</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Fee<BR>
Calculation<BR>
or Carry<BR>
Forward Rule</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Amount<BR>
Registered</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Proposed<BR>
Maximum<BR>
Offering Price<BR>
Per Unit</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Maximum<BR>
Aggregate<BR>
Offering Price</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 4%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Fee&nbsp;Rate</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Amount of<BR>
Registration Fee</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Carry<BR>
Forward<BR>
Form&nbsp;Type</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 5%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Carry<BR>
Forward<BR>
File&nbsp;Number</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Carry<BR>
Forward<BR>
Initial<BR>
effective date</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; vertical-align: bottom; width: 14%; border-bottom: Black 1pt solid; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Filing Fee<BR>
Previously&nbsp;Paid<BR>
In Connection<BR>
with Unsold<BR>
Securities<BR>
to be Carried<BR>
Forward</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; padding-top: 5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Newly
    Registered Securities</B></FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Debt</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.450% Medium-Term Notes due 2053</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">797,768,000</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.00011020</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">87,914.03</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Fees Previously Paid</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; padding-top: 5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Carry Forward Securities</B></FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total Offering Amounts</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">797,768,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">87,914.03</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="4"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total Fees Previously Paid</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="4"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total Fee Offsets</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net Fee Due</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black medium double; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">87,914.03</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Table 2: Fee Offset Claims and Sources</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Registrant&nbsp;or<BR>
    Filer&nbsp;Name</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 6%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Form&nbsp;or<BR>
    Filing&nbsp;Type</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 7%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>File<BR>
    Number</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 6%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Initial<BR>
    Filing Date</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 6%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Filing
    Date</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 8%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Fee
    Offset<BR>
    Claimed</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 15%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Security
    Type<BR>
    Associated with<BR>
    Fee Offset&nbsp;Claimed</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 9%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Security
    Title<BR>
    Associated with<BR>
    Fee Offset Claimed</B></FONT><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 9%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Unsold<BR>
    Securities<BR>
    Associated with<BR>
    Fee Offset Claimed</B></FONT><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 9%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Unsold
    Aggregate<BR>
    Offering Amount<BR>
    Associated with<BR>
    Fee&nbsp;Offset&nbsp;Claimed</B></FONT><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 8pt; padding-right: 2pt; white-space: nowrap; width: 9%; text-align: center; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Fee
    Paid&nbsp;with<BR>
    Fee Offset Source</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="12" STYLE="padding-top: 5pt; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Rules&nbsp;457(b)&nbsp;and 0-11(a)(2)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Fee Offset Claims</FONT></TD>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Fee&nbsp;Offset&nbsp;Sources</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="12" STYLE="border-bottom: Black 1pt solid; padding-top: 5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Rule&nbsp;457(p)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Fee Offset Claims</FONT></TD>
    <TD STYLE="padding-bottom: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 3pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Fee&nbsp;Offset&nbsp;Sources</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Table 3: Combined Prospectuses</B></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 15%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Security&nbsp;Type</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 23%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Security Class&nbsp;Title</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 16%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Amount of Securities<BR>
Previously Registered</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 19%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Maximum Aggregate<BR>
Offering Price<BR>
of Securities<BR>
Previously Registered</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Form<BR>
Type</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>File<BR>
Number</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 11%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Initial<BR>
Effective Date</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  </TABLE>
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