<SEC-DOCUMENT>0000950157-25-000040.txt : 20250106
<SEC-HEADER>0000950157-25-000040.hdr.sgml : 20250106
<ACCEPTANCE-DATETIME>20250106172141
ACCESSION NUMBER:		0000950157-25-000040
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250106
DATE AS OF CHANGE:		20250106

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AerCap Holdings N.V.
		CENTRAL INDEX KEY:			0001378789
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-282733
		FILM NUMBER:		25512383

	BUSINESS ADDRESS:	
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2
		BUSINESS PHONE:		35 31 819 2010

	MAIL ADDRESS:	
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AerCap Holdings N.V.
		CENTRAL INDEX KEY:			0001378789
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2
		BUSINESS PHONE:		35 31 819 2010

	MAIL ADDRESS:	
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>fpw.htm
<DESCRIPTION>FREE WRITING PROSPECTUS
<TEXT>
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            <div style="margin-left: 5.4pt; color: #000000; font-weight: bold;">PRICING SUPPLEMENT</div>
            <div style="margin-left: 5.4pt; color: #000000; font-weight: bold;">Dated January 6, 2025</div>
            <div>&#160;</div>
          </td>
          <td style="width: 59.06%; vertical-align: top;">
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">Issuer Free Writing Prospectus</div>
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">Filed Pursuant to Rule 433</div>
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">Registration Statement No. 333-282733 </div>
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">Supplementing the Preliminary Prospectus <br>
              Supplement, dated January 6, 2025, and</div>
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">the Base Prospectus, dated October 18, 2024</div>
            <div>&#160;</div>
          </td>
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    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">AerCap Ireland Capital Designated Activity Company</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">AerCap Global Aviation Trust</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">$750,000,000 4.875% Senior Notes due 2028</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">$750,000,000 5.375% Senior Notes due 2031</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Guaranteed by:</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">AerCap Holdings N.V.</div>
    <div><br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div><br>
    </div>
    <div style="margin-right: 7.2pt; color: #000000;">Pricing supplement, dated January 6, 2025 (this &#8220;Pricing Supplement&#8221;), to the Preliminary Prospectus Supplement, dated January 6, 2025 (the &#8220;Preliminary Prospectus Supplement&#8221;), and the related Base
      Prospectus, dated October 18, 2024 (the &#8220;Base Prospectus&#8221; and, together with the Preliminary Prospectus Supplement, including the documents incorporated by reference in the Preliminary Prospectus Supplement and the Base Prospectus, the &#8220;Prospectus&#8221;),
      of AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust.</div>
    <div><br>
    </div>
    <div style="margin-right: 7.2pt; color: #000000;">This Pricing Supplement relates only to the securities described below and should only be read together with the Prospectus. This Pricing Supplement is qualified in its entirety by reference to the
      Prospectus. The information in this Pricing Supplement supplements the Prospectus and supersedes the information in the Prospectus to the extent inconsistent with the information in the Prospectus.</div>
    <div><br>
    </div>
    <div style="margin-right: 21.6pt; color: #000000;">Unless otherwise indicated, terms used but not defined herein have the meanings assigned to such terms in the Prospectus.</div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Issuers:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Notes Offered:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;"> 4.875% Senior Notes due 2028 (the &#8220;2028 Notes&#8221;)</div>
            <div style="color: #000000;">5.375% Senior Notes due 2031 (the &#8220;2031 Notes&#8221; and, together with the 2028 Notes, the &#8220;Notes&#8221;)</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">1</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
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    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Ratings<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">Baa1 / BBB+ / BBB (Moody&#8217;s / S&amp;P / Fitch)</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Distribution:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">SEC Registered</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Trade Date:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">January 6, 2025</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Settlement Date:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">January 13, 2025 (T+5)</div>
            <div>&#160;</div>
            <div style="color: #000000;">We expect that delivery of the Notes will be made to investors on or about January 13, 2025, which will be the fifth business day following the date hereof (such settlement cycle being referred to as &#8220;T+5&#8221;). Under
              Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers
              who wish to trade the Notes prior to the first business day before delivery of the Notes hereunder will be required, by virtue of the fact that the Notes will initially settle in T+5, to specify an alternate settlement cycle at the time of
              any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes prior to the first business day before the date of delivery should consult their advisors.</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Principal Amount:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">2028 Notes: $750,000,000</div>
            <div style="color: #000000;">2031 Notes: $750,000,000</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Maturity Date:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">2028 Notes: April 1, 2028</div>
            <div style="color: #000000;">2031 Notes: December 15, 2031<br>
            </div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Coupon:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">2028 Notes: 4.875%</div>
            <div style="color: #000000;">2031 Notes: 5.375%</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Issue Price to Public:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">2028 Notes: 99.462% of the principal amount</div>
            <div style="margin-right: 10.8pt; color: #000000;">2031 Notes: 99.310% of the principal amount</div>
            <div>&#160;</div>
            <div style="margin-right: 10.8pt; color: #000000;">In each case, plus accrued interest, if any, from January 13, 2025</div>
            <div style="margin-right: 10.8pt; color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Gross Proceeds:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">2028 Notes: $745,965,000</div>
            <div style="color: #000000;">2031 Notes: $744,825,000</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">2028 Notes: UST 4.000% due December 15, 2027</div>
            <div style="color: #000000;">2031 Notes: UST 4.500% due December 31, 2031</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>

    </table>
    <div><br>
      <br>
      <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
      <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> These ratings have been provided by Moody&#8217;s, S&amp;P and Fitch. A securities rating is not a recommendation to buy, sell or hold securities, may be subject to revision or withdrawal at any time and each rating should be evaluated
        independently of any other rating.</div>
    </div>
    <div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div><br>
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      <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury Price:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div>2028 Notes: 99-04 &#190;</div>
            <div>2031 Notes: 99-28 &#190;<br>
            </div>
            <div><font style="color: #000000;"> <br>
              </font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury Yield:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">2028 Notes: 4.311%</div>
            <div style="color: #000000;">2031 Notes: 4.517%</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 67.27%; vertical-align: middle;">
            <div style="color: #000000;">2028 Notes: +75 basis points</div>
            <div style="color: #000000;">2031 Notes: +98 basis points</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Yield to Maturity:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">2028 Notes: 5.061%</div>
            <div style="color: #000000;">2031 Notes: 5.497%</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Interest Payment Dates:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">2028 Notes: April 1 and October 1, beginning on April 1, 2025</div>
            <div style="color: #000000;">2031 Notes: June 15 and December 15, beginning on June 15, 2025</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Optional Redemption:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="margin-right: 25.2pt; color: #000000;">2028 Notes: Following issuance and prior to March 1, 2028, make-whole call at T+15 basis points.&#160; At any time on or after March 1, 2028, par call.</div>
            <div style="margin-right: 25.2pt; color: #000000;">2031 Notes: Following issuance and prior to October 15, 2031 make-whole call at T+15 basis points.&#160; At any time on or after October 15, 2031, par call.</div>
            <div style="margin-right: 25.2pt; color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Optional Tax Redemption:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">If, with respect to any series of the Notes, the Issuers become obligated to pay any additional amounts as a result of any change in the law of Ireland or certain other relevant taxing
              jurisdictions that is announced or becomes effective on or after the date on which the Notes of such series are issued (or the date the relevant taxing jurisdiction became applicable, if later), the Issuers may redeem the Notes of such series
              at their option, at any time in whole but not in part, at a price equal to 100% of the principal amount of the Notes of such series being redeemed, plus accrued and unpaid interest, if any, to, but not including, the redemption date and
              additional amounts, if any.</div>
            <div style="margin-right: 10.8pt; color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">CUSIP / ISIN:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">2028 Notes: 00774M BN4 / US00774MBN48</div>
            <div style="color: #000000;">2031 Notes: 00774M BP9 / US00774MBP95<br>
            </div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 99.92%; vertical-align: bottom; text-align: center;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;"><u>Other Information</u></div>
            <div style="color: rgb(0, 0, 0); font-weight: bold;"><u> </u><br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Denominations:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;">$150,000 and integral multiples of $1,000 in excess thereof</div>
            <div style="color: #000000;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.65%; vertical-align: top;">
            <div style="color: #000000;">Underwriters:</div>
          </td>
          <td style="width: 67.27%; vertical-align: top;">
            <div style="color: #000000;"><font style="font-style: italic;">Joint</font>&#160;<font style="font-style: italic;">Book-Running Managers</font>:</div>
            <div>&#160;</div>
            <div style="color: #000000;">Citigroup Global Markets Inc.</div>
            <div>Deutsche Bank Securities Inc.</div>
            <div style="color: #000000;">Barclays Capital Inc.</div>
            <div style="color: #000000;">Credit Agricole Securities (USA) Inc.</div>
            <div style="color: #000000;">TD Securities (USA) LLC</div>
            <div style="color: #000000;">
              <div>Santander US Capital Markets LLC</div>
              <div>MUFG Securities Americas Inc.</div>
              <div>BMO Capital Markets Corp.</div>
              <div>NatWest Markets Securities Inc.</div>
              <div>Citizens JMP Securities, LLC</div>
              <div>KeyBanc Capital Markets Inc.</div>
              <div>Regions Securities LLC</div>
              <div>Scotia Capital (USA) Inc.</div>
            </div>
            <div style="color: #000000;"><br>
              <div> <br>
              </div>
            </div>
            <div style="color: #000000;">
              <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto 0px 0px; height: 2px; width: 20%; color: #000000;"></div>
          </td>
        </tr>

    </table>
    <br>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="margin-right: 3.6pt; color: #000000; font-weight: bold;">THIS INFORMATION DOES NOT PURPORT TO BE A COMPLETE DESCRIPTION OF THE SECURITIES OR THIS OFFERING. PLEASE REFER TO THE PROSPECTUS FOR A COMPLETE DESCRIPTION.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;"><font style="color: #000000;">THE ISSUERS HAVE FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE &#8220;SEC&#8221;) FOR THIS OFFERING. BEFORE YOU INVEST, YOU SHOULD READ
        THE PROSPECTUS FOR THIS OFFERING IN THAT REGISTRATION STATEMENT, AND OTHER DOCUMENTS THE ISSUERS HAVE FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE ISSUERS AND THIS OFFERING. YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING THE SEC
        ONLINE DATABASE (EDGAR<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>) AT </font>WWW.SEC.GOV<font style="color: #000000;">. ALTERNATIVELY, YOU MAY OBTAIN A COPY OF THE PROSPECTUS BY CALLING CITIGROUP GLOBAL MARKETS INC., TOLL-FREE AT 1-800-831-9146, DEUTSCHE BANK SECURITIES INC.,
        TOLL-FREE AT 1-800-503-4611, BARCLAYS CAPITAL INC., TOLL-FREE AT 1-888-603-5847, CREDIT AGRICOLE SECURITIES (USA) INC., TOLL-FREE AT 1-866-807-6030 OR TD SECURITIES (USA) LLC, TOLL-FREE AT 1-855-495-9846.</font></div>
    <div><br>
    </div>
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    <div style="margin-right: 7.2pt; color: #000000; font-weight: bold;">THIS COMMUNICATION IS NOT INTENDED TO BE A CONFIRMATION AS REQUIRED UNDER RULE 10b-10 OF THE SECURITIES EXCHANGE ACT OF 1934. A FORMAL CONFIRMATION WILL BE DELIVERED TO YOU
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    <div style="margin-right: 7.2pt; color: #000000;">ANY LEGENDS, DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH LEGENDS, DISCLAIMERS OR OTHER NOTICES HAVE BEEN AUTOMATICALLY
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  <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
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