<SEC-DOCUMENT>0001104659-24-061868.txt : 20240515
<SEC-HEADER>0001104659-24-061868.hdr.sgml : 20240515
<ACCEPTANCE-DATETIME>20240515154325
ACCESSION NUMBER:		0001104659-24-061868
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20240515
DATE AS OF CHANGE:		20240515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCDONALDS CORP
		CENTRAL INDEX KEY:			0000063908
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		ORGANIZATION NAME:           	07 Trade & Services
		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:		24949864

	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>tm2414415d3_424b2.htm
<DESCRIPTION>424B2
<TEXT>
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<P STYLE="font-size: 11pt; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font-size: 11pt; text-align: right; margin-top: 0; margin-bottom: 0">Filed Pursuant to Rule 424(b)(2) <BR>
Registration Statement No. 333-258270</P>

<P STYLE="font-size: 11pt; text-align: center; margin-top: 0; margin-bottom: 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"><B><U>PRICING SUPPLEMENT NO. 7 Dated
May 14, 2024</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 29, 2021 and</FONT></P>

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>McDONALD&#8217;S
CORPORATION</B></FONT></P>

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

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

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><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" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="font-size: 11pt; vertical-align: top">
  <TD STYLE="font-size: 11pt; width: 15pc"><FONT STYLE="font-size: 11pt"><U>Principal Amount</U>:</FONT></TD>
  <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">USD 500,000,000</FONT></TD></TR>

<TR STYLE="font-size: 11pt; vertical-align: top">
  <TD STYLE="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="font-size: 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><U>Issue Price</U>:</FONT></TD>
  <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">99.669<FONT STYLE="font-family: Times New Roman, Times, Serif">% of the principal
  amount of the Notes</FONT></FONT></TD></TR>

<TR STYLE="font-size: 11pt; vertical-align: top">
  <TD STYLE="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="font-size: 11pt"><FONT STYLE="font-size: 11pt"><U>Original Issue Date</U>:</FONT></TD>
  <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">May 17, 2024 (T+3)<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT></FONT></TD></TR>

<TR STYLE="font-size: 11pt; vertical-align: top">
  <TD STYLE="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="font-size: 11pt"><FONT STYLE="font-size: 11pt"><U>Stated Maturity</U>:</FONT></TD>
  <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">May 17, 2034</FONT></TD></TR>

<TR STYLE="font-size: 11pt; vertical-align: top">
  <TD STYLE="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="font-size: 11pt"><FONT STYLE="font-size: 11pt"><U>Interest Rate</U>:</FONT></TD>
  <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">5.200% per annum</FONT></TD></TR>

<TR STYLE="font-size: 11pt; vertical-align: top">
  <TD STYLE="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="font-size: 11pt"><FONT STYLE="font-size: 11pt"><U>Interest Payment Dates</U>:</FONT></TD>
  <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">May 17 and November 17 of each year, beginning November 17, 2024</FONT></TD></TR>

<TR STYLE="font-size: 11pt; vertical-align: top">
  <TD COLSPAN="2" STYLE="font-size: 11pt; padding-left: 0.375in"><FONT STYLE="font-size: 11pt">[Applicable only if other than February&nbsp;15
  and August&nbsp;15 of each year]</FONT></TD></TR>

<TR STYLE="font-size: 11pt; vertical-align: top">
  <TD STYLE="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="font-size: 11pt"><FONT STYLE="font-size: 11pt"><U>Regular Record Dates</U>:</FONT></TD>
  <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">May 1 and November 1 of each year, as the case may be</FONT></TD></TR>

<TR STYLE="font-size: 11pt; vertical-align: top">
  <TD COLSPAN="2" STYLE="font-size: 11pt; padding-left: 0.375in"><FONT STYLE="font-size: 11pt">[Applicable only if other than February
  1 and August 1 of each year]</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" BORDER="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="font-size: 11pt; vertical-align: top">
  <TD STYLE="font-size: 11pt; width: 15pc"><FONT STYLE="font-size: 11pt"><U>Form</U>:</FONT></TD>
  <TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&#120;</FONT> <FONT STYLE="font-size: 11pt">Book-Entry
  &#8239;<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-size: 11pt"><U>Specified Currency</U>:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt"><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>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt"><FONT STYLE="font-size: 11pt"><U>Option to Receive Payments
in Specified Currency</U>:&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; <FONT STYLE="font-family: Wingdings">&#168;
</FONT>Yes <FONT STYLE="font-family: Wingdings">&#168;</FONT> No</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: 0pt"><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 27.35pt; text-indent: -27.35pt"><FONT STYLE="font-size: 11pt"><U>Authorized
Denominations</U>:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.35pt; text-indent: -0.35pt"><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: 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 6.25pt 0pt 1.5in; text-indent: 0.5in"></P>






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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT></TD><TD STYLE="text-align: justify">It
                                            is expected that delivery of the Notes will be made against payment therefor on or about
                                            May 17, 2024, which will be the third business day following the date of pricing of the Notes,
                                            or &#8220;T+3.&#8221; 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.</TD></TR></TABLE>



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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt"><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="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt"><U>Optional Redemption</U>:</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&#168;</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">The
                                            Notes cannot be redeemed prior to Stated Maturity.</FONT></TD></TR>
                                                                                                                                          <TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD><TD STYLE="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="font-size: 11pt; width: 25%"></TD><TD STYLE="font-size: 11pt; width: 4%"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&#120;</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&#8217;s Corporation (the &#8220;Company&#8221;) as set forth below.</FONT></TD></TR><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD><TD STYLE="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="font-size: 11pt; padding-left: 0.375in"><FONT STYLE="font-size: 11pt"><U>Optional Redemption Dates</U>:</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD><TD STYLE="font-size: 11pt"><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: 27pt"><FONT STYLE="font-size: 11pt"><U>Redemption Prices</U>:</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; width: 100%; 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-family: Wingdings; font-size: 11pt">&#168;</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">The
                                            Redemption Price shall initially be &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;%
                                            of the principal amount of the Note to be redeemed and shall decline at each anniversary
                                            of the initial Optional Redemption Date by % 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>
<TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD><TD STYLE="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="font-size: 11pt"></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&#120;</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Other:
                                            Prior to February 17, 2034 (the &#8220;Par Call Date&#8221;), 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="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 108pt"></TD><TD STYLE="font-size: 11pt; width: 27pt"><FONT STYLE="font-size: 11pt">(1)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">(a)
                                            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 15 basis points, less (b) interest accrued to the
                                            redemption date, and</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 135pt; text-indent: -27pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 108pt"></TD><TD STYLE="font-size: 11pt; width: 27pt"><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 0pt 135pt; text-indent: -27pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 135pt; text-indent: -27pt"><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 0pt 1in"><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 0pt 1in"><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">&#8220;Treasury
Rate&#8221; 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 0pt 0.5in"><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 &#8220;Selected Interest Rates (Daily) - H.15&#8221; (or any successor
designation or publication) (&#8220;H.15&#8221;) under the caption &#8220;U.S. government securities&#8211;Treasury constant maturities&#8211;Nominal&#8221;
(or any successor caption or heading) (&#8220;H.15 TCM&#8221;). In determining the Treasury Rate, the Company shall select, as applicable:
(1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0"><FONT STYLE="font-size: 11pt">redemption
date to the Par Call Date (the &#8220;Remaining Life&#8221;); (2) if there is no such Treasury constant maturity on H.15 exactly equal
to the Remaining Life, the two yields &#8211; 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 &#8211;
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) 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 0pt 0.5in"><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 &#8211; one with a maturity date preceding the Par Call Date and
one with a maturity date following the Par Call Date &#8211; 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 0pt 0.5in"><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&#8217;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 0pt 0.5in"><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="font-size: 11pt; vertical-align: top; text-align: justify">
<TD STYLE="font-size: 11pt; 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="font-size: 11pt; text-align: justify; width: 3%"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&#120;</FONT></TD>
                                                          <TD STYLE="font-size: 11pt; 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="font-size: 11pt; vertical-align: top; text-align: justify">
<TD STYLE="font-size: 11pt; width: 25%"></TD><TD STYLE="font-size: 11pt; width: 3%; text-align: left"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&#168;</FONT></TD><TD STYLE="font-size: 11pt; text-align: justify; width: 72%"><FONT STYLE="font-size: 11pt">The
                                            Notes are 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>

<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="font-size: 11pt; vertical-align: top; text-align: justify">
<TD STYLE="font-size: 11pt; 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="font-size: 11pt; text-align: justify; width: 75%"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&#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"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
<TR STYLE="font-size: 11pt; vertical-align: top; text-align: left">
  <TD STYLE="font-size: 11pt; text-align: center; width: 25%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
  <TD STYLE="font-size: 11pt; text-align: center; width: 25%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
  <TD STYLE="font-size: 11pt; text-align: center; width: 50%"><FONT STYLE="font-size: 11pt">Outstanding Balance</FONT></TD></TR>
<TR STYLE="font-size: 11pt; vertical-align: top; text-align: left">
  <TD STYLE="font: 11pt 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="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 11pt"><U>Repayment Amount</U></FONT></TD>
  <TD STYLE="font-size: 11pt; 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: 10pt 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>
<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; text-align: justify"><TD STYLE="font-size: 11pt; 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="font-size: 11pt; text-align: justify; width: 75%"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&#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="font-size: 11pt; vertical-align: top; text-align: justify"><TD STYLE="font-size: 11pt; 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="font-size: 11pt; text-align: justify; width: 75%"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&#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="font-size: 11pt; vertical-align: top; text-align: justify">
<TD STYLE="font-size: 11pt; 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="font-size: 11pt; text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">0.450%
                                            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="font-size: 11pt; vertical-align: top; text-align: justify">
<TD STYLE="font-size: 11pt; 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="font-size: 11pt; text-align: justify; width: 75%"><FONT STYLE="font-size: 11pt">99.219%
                                            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="font-size: 11pt; vertical-align: top; text-align: justify">
<TD STYLE="font-size: 11pt; 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="font-size: 11pt; text-align: justify; width: 75%"><FONT STYLE="font-family: Wingdings; font-size: 11pt">&#168;</FONT><FONT STYLE="font-size: 11pt">&nbsp;&nbsp;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: 80%; margin-left: 0.5in">
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="width: 25%; font-size: 11pt"><FONT STYLE="font-size: 11pt">Joint Bookrunners:</FONT></TD>
    <TD STYLE="width: 75%; font-size: 11pt"><FONT STYLE="font-size: 11pt">BofA Securities, Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">MUFG Securities Americas Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">RBC Capital Markets, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">U.S. Bancorp Investments, Inc.</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><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">Passive Bookrunners:</FONT></P></TD>
    <TD STYLE="font-size: 11pt"><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</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Westpac Capital Markets LLC</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">ANZ Securities, Inc.</FONT></P></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><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">Co-Managers:</FONT></P></TD>
    <TD STYLE="font-size: 11pt; background-color: white"><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">BNP Paribas Securities Corp.</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Commerz Markets LLC</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">HSBC Securities (USA) Inc.</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">ING Financial Markets LLC</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">PNC Capital Markets LLC</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Credit Agricole Securities (USA)
    Inc.</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Truist Securities, Inc.</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">UniCredit Capital Markets LLC</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">J.P. Morgan Securities LLC</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Wells Fargo Securities, LLC</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Citigroup Global Markets Inc.</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">SG Americas Securities, LLC</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Academy Securities, Inc.</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Siebert Williams Shank &amp; Co.,
    LLC</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Loop Capital Markets LLC</FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 11pt">Samuel A. Ramirez &amp; Company,
    Inc.</FONT></P></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt"><U>CUSIP</U>:</FONT></TD>
    <TD STYLE="font-size: 11pt; background-color: white"><FONT STYLE="font-size: 11pt">58013MFY5</FONT></TD></TR>

</TABLE>

<P STYLE="font-size: 11pt; margin: 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></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="font-size: 11pt; margin: 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: 80%; margin-left: 0.5in">
<TR STYLE="font-size: 11pt; vertical-align: top">
  <TD STYLE="font-size: 11pt; width: 15pc"><FONT STYLE="font-size: 11pt"><U>ISIN</U>:</FONT></TD>
  <TD STYLE="font-size: 11pt; width: 75%"><FONT STYLE="font-size: 11pt">US58013MFY57</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"><U>Plan of Distribution to Agents</U>:</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-size: 11pt"><U>Agent</U></FONT></TD>
    <TD STYLE="font-size: 11pt; width: 36%; text-align: right"><FONT STYLE="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-size: 11pt">BofA Securities, Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">$100,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">MUFG Securities Americas Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">100,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">RBC Capital Markets, LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">100,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">U.S. Bancorp Investments, Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">100,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Standard Chartered Bank</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">17,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Westpac Capital Markets LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">17,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">ANZ Securities, Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">17,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">BNP Paribas Securities Corp.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Commerz Markets LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">HSBC Securities (USA) Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">ING Financial Markets LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">PNC Capital Markets LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Credit Agricole Securities (USA) Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Truist Securities, Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">UniCredit Capital Markets LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">J.P. Morgan Securities LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Wells Fargo Securities, LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Citigroup Global Markets Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">SG Americas Securities, LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Academy Securities, Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">5,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Siebert Williams Shank &amp; Co., LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">5,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Loop Capital Markets LLC</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">5,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Samuel A. Ramirez &amp; Company, Inc.</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">2,500,000</FONT></TD></TR>
  <TR STYLE="font-size: 11pt; vertical-align: top">
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">Total</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: right"><FONT STYLE="font-size: 11pt">$500,000,000</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-size: 11pt"><U>Additional Information Regarding
Agents</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">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 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="font: 11pt Times New Roman, Times, Serif; width: 100%; 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 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 0pt 0.5in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 10.35pt 0pt 67.05pt; text-indent: 31.05pt"><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 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 &#8220;<I>EEA</I>&#8221;)
will only be made to a legal entity which is a qualified investor under the Prospectus Regulation (&#8220;<I>EEA Qualified Investors</I>&#8221;).
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</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.35pt 0pt 67.05pt; text-indent: 31.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.35pt 0pt 67.05pt; text-indent: 31.05pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.35pt 0pt 67.05pt; text-indent: 31.05pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 10.35pt 0pt 67.05pt; text-indent: 0"><FONT STYLE="font-size: 11pt">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 &#8220;<I>Prospectus
Regulation</I>&#8221; means Regulation (EU) 2017/1129, as amended.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 57.4pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 10.35pt 0pt 67.05pt; text-indent: 31.05pt"><FONT STYLE="font-size: 11pt"><B>PROHIBITION
OF SALES TO EEA RETAIL INVESTORS</B> &#8212; 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 &#8220;retail investor&#8221;
means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU, as amended
(&#8220;<I>MiFID II</I>&#8221;); (ii) a customer within the meaning of Directive (EU) 2016/97, as amended (the &#8220;<I>Insurance Distribution
Directive</I>&#8221;), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID
II; or (iii) 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 &#8220;<I>PRIIPs Regulation</I>&#8221;), 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 0pt 57.4pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 67.05pt; text-indent: 31.05pt"><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 (&#8220;<I>UK Qualified Investors</I>&#8221;). 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 &#8220;<I>UK Prospectus Regulation</I>&#8221; 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 &#8220;<I>EUWA</I>&#8221;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 67.05pt; text-indent: 31.05pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 67.05pt; text-indent: 31.05pt"><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&#8217;s Financial Services and Markets Act 2000, as amended (the &#8220;<I>FSMA</I>&#8221;).
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) have professional experience in matters relating to investments and who fall within the
definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005, as amended (the &quot;<I>Financial Promotion Order</I>&quot;)), (ii) fall within Article 49(2)(a) to (d) of the Financial
Promotion Order, (iii) are outside the United Kingdom, or (iv) 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</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 67.05pt; text-indent: 31.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 67.05pt; text-indent: 31.05pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 67.05pt; text-indent: 31.05pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 67.05pt; text-indent: 0"><FONT STYLE="font-size: 11pt">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 0pt 57.4pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 6.55pt 0pt 67.05pt; text-indent: 31.05pt"><FONT STYLE="font-size: 11pt"><B>PROHIBITION
OF SALES TO UK RETAIL INVESTORS &#8212; </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) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms
part of domestic law of the United Kingdom by virtue of the EUWA; (ii) a customer within the meaning of the provisions of the FSMA, and
any rules 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) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law of
the United Kingdom by virtue of the EUWA (&#8220;<I>UK MiFIR</I>&#8221;); or (iii) not a qualified investor as defined in Article 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 &#8220;<I>UK
PRIIPs Regulation</I>&#8221;) 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 0pt 57.4pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 10.35pt 0pt 67.05pt; text-indent: 31.05pt"><FONT STYLE="font-size: 11pt"><B>MIFID
II/ UK MIFIR PRODUCT GOVERNANCE / TARGET MARKET &#8212; </B>The pricing supplement in respect of any notes may include a legend entitled
 &#8220;MiFID II Product Governance&#8221; and/or &#8220;UK MiFIR Product Governance&#8221;, 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 &#8220;<I>distributor</I>&#8221;) 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 &#8220;<I>UK MiFIR
Product Governance Rules</I>&#8221;), 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 under EU Delegated Directive
2017/593, as amended (the &#8220;<I>MiFID Product Governance Rules</I>&#8221;), 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 and/or the UK MiFIR Product Governance Rules,
as applicable. We make no representation or warranty as to any manufacturer&#8217;s or distributor&#8217;s compliance with the MiFID
Product Governance Rules and/or the UK MiFIR Product Governance Rules, as applicable. We make no representation or warranty as to any
manufacturer&#8217;s or distributor&#8217;s compliance with the MiFID Product Governance Rules or the UK MiFIR Product Governance Rules,
as applicable.</FONT></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"></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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; 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 &#8220;Plan of Distribution&#8221; is amended as follows:</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; 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 &#8220;Prohibition of Sales to EEA Retail Investors&#8221;
                                            on page S-49 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 0pt 0.5in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 11pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 12.15pt 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 0pt 1in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 108pt"></TD><TD STYLE="font-size: 11pt; width: 35.85pt"><FONT STYLE="font-size: 11pt">(a)</FONT></TD><TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 11pt">the
                                            expression &#8220;<I>retail investor</I>&#8221; 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 0pt 1in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; 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-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 4(1) of MiFID II;</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -0.5in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; 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-size: 11pt">(ii)</FONT></TD><TD STYLE="font-size: 11pt; padding-right: 17.05pt"><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) of Article 4(1) of MiFID
                                            II; or</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.5in; text-indent: -0.5in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; 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-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 0pt 2.5in; text-indent: -0.5in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 11pt; vertical-align: top">
<TD STYLE="font-size: 11pt; width: 108pt"></TD><TD STYLE="font-size: 11pt; width: 35.85pt"><FONT STYLE="font-size: 11pt">(b)</FONT></TD><TD STYLE="font-size: 11pt; padding-right: 6.25pt"><FONT STYLE="font-size: 11pt">the
                                            expression &#8220;<I>offer</I>&#8221; 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 0pt 1in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; 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 &#8220;Prohibition of Sales to United Kingdom Retail
                                            Investors&#8221; on page S-50 shall be replaced in its entirety with the following:</FONT></TD></TR></TABLE>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 11pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 16.6pt 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="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.35pt; text-indent: 0.5in"><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-size: 11pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the expression &#8220;<I>retail investor</I>&#8221; 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 0pt 62.35pt; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 13.9pt 0pt 2in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
a retail client, as defined in point (8) of Article 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 0pt 2in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 12.2pt 0pt 2in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
a customer within the meaning of the provisions of the FSMA and any rules 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) of Article 2(1) of UK
MiFIR; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in"></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 62.35pt; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 6.25pt 0pt 1.5in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the expression &#8220;<I>offer</I>&#8221; 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 6.25pt 0pt 1.5in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

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<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>2
<FILENAME>tm2414415d3_ex-filingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 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-top: 0pt; margin-bottom: 0pt; text-align: center">&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; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.05pt"><FONT STYLE="font-size: 18pt"><B>424(b)(2)</B></FONT><BR>
<FONT STYLE="font-size: 10pt">(Form Type)</FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.05pt"><FONT STYLE="font-size: 18pt"><B>McDonald&rsquo;s
Corporation</B></FONT><BR>
<FONT STYLE="font-size: 10pt">(Exact Name of Registrant as Specified in its Charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.05pt">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.05pt"><B>Not Applicable</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.05pt">(Translation of Registrant&rsquo;s
Name into English)</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 8%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Security&nbsp;Type</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Security<BR>
Class<BR>
Title</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Fee<BR>
Calculation<BR>
or Carry<BR>
Forward Rule</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; text-align: center; text-indent: 4.15pt"><FONT STYLE="font-size: 10pt"><B>Amount<BR>
Registered</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Proposed<BR>
Maximum<BR>
Offering Price<BR>
Per Unit</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Maximum<BR>
Aggregate<BR>
Offering Price</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 4%; border-bottom: Black 1pt solid; text-align: center; text-indent: 1.9pt"><FONT STYLE="font-size: 10pt"><B>Fee&nbsp;Rate</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount of<BR>
Registration Fee</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Carry<BR>
Forward<BR>
Form&nbsp;Type</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Carry<BR>
Forward<BR>
File&nbsp;Number</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Carry<BR>
Forward<BR>
Initial<BR>
effective date</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: Black 1pt solid; text-align: center; text-indent: 0.2pt"><FONT STYLE="font-size: 10pt"><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="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; padding-top: 6pt; padding-right: 3.3in; padding-left: 238.3pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Newly
    Registered Securities</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Fees to Be Paid</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">Debt</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">5.200% Medium-Term Notes due 2034</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">457(o)</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">498,345,000</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">0.00014760</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">73,555.72</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">Fees Previously Paid</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="13" STYLE="font-size: 10pt; border-bottom: Black 1pt solid; padding-top: 6pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Carry
    Forward Securities</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Carry Forward Securities</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Total Offering Amounts</B></FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">498,345,000 </FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">73,555.72</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Total Fees Previously Paid</B></FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Total Fee Offsets</B></FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Net Fee Due</B></FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1.5pt double; text-align: center"><FONT STYLE="font-size: 10pt">73,555.72</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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>

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<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; width: 8%; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; width: 8%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Registrant&nbsp;or<BR>
    Filer&nbsp;Name</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 6%; border-bottom: Black 1pt solid; text-align: center; text-indent: 0.15pt"><FONT STYLE="font-size: 8pt"><B>Form
    or<BR>
    Filing&nbsp;Type</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 7%; border-bottom: Black 1pt solid; text-align: center; text-indent: 7.75pt"><FONT STYLE="font-size: 8pt"><B>File<BR>
    Number</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 6%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Initial<BR>
    Filing Date</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 6%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Filing
    Date</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 8%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Fee Offset<BR>
    Claimed</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 15%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Security
    Type<BR>
    Associated with<BR>
    Fee Offset&nbsp;Claimed</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 9%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Security
    Title<BR>
    Associated with<BR>
    Fee Offset Claimed</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 9%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Unsold<BR>
    Securities<BR>
    Associated with<BR>
    Fee Offset Claimed</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 9%; border-bottom: Black 1pt solid; text-align: center; text-indent: 2.15pt"><FONT STYLE="font-size: 8pt"><B>Unsold
    Aggregate<BR>
    Offering Amount<BR>
    Associated with<BR>
    Fee&nbsp;Offset&nbsp;Claimed</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 9%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>Fee Paid&nbsp;with<BR>
    Fee Offset Source</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD COLSPAN="12" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; padding-top: 6pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Rules
    457(b) and 0-11(a)(2)</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Fee Offset Claims</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Fee&nbsp;Offset&nbsp;Sources</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD COLSPAN="12" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; padding-top: 6pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Rule
    457(p)</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Fee Offset Claims</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Fee&nbsp;Offset&nbsp;Sources</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>
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<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: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; width: 15%; border-bottom: Black 1pt solid; padding-right: 12pt; padding-left: 12.85pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Security&nbsp;Type</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 23%; border-bottom: Black 1pt solid; padding-right: 14.1pt; padding-left: 15.1pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Security
    Class Title</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 16%; border-bottom: Black 1pt solid; padding-right: 19.6pt; padding-left: 21.55pt; text-align: center; text-indent: 1.05pt"><FONT STYLE="font-size: 8pt"><B>Amount
    of Securities<BR>
    Previously Registered</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 19%; border-bottom: Black 1pt solid; padding-right: 8.55pt; padding-left: 9.45pt; text-align: center; text-indent: -0.25pt"><FONT STYLE="font-size: 8pt"><B>Maximum
    Aggregate<BR>
    Offering Price<BR>
    of Securities<BR>
    Previously Registered</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 8%; border-bottom: Black 1pt solid; padding-right: 12.55pt; padding-left: 15.3pt; text-align: center; text-indent: -1pt"><FONT STYLE="font-size: 8pt"><B>Form<BR>
    Type</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 8%; border-bottom: Black 1pt solid; padding-right: 8.8pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>File<BR>
    Number</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 11%; border-bottom: Black 1pt solid; padding-right: 4.55pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Initial<BR>
    Effective Date</B></FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: top">
    <TD STYLE="font-size: 8pt; padding-top: 4.05pt; padding-left: 0.8pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 4.05pt; padding-left: 0.85pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 4.05pt; padding-left: 0.95pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 4.05pt; padding-left: 0.6pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 4.05pt; padding-left: 0.95pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 4.05pt; padding-left: 0.95pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 4.05pt; padding-left: 0.85pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  </TABLE>
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