<SEC-DOCUMENT>0000950157-25-000803.txt : 20250922
<SEC-HEADER>0000950157-25-000803.hdr.sgml : 20250922
<ACCEPTANCE-DATETIME>20250922162827
ACCESSION NUMBER:		0000950157-25-000803
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250922
DATE AS OF CHANGE:		20250922

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
		EIN:				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:		251330433

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		PROVINCE COUNTRY:   	L2
		ZIP:			D02 YX20
		BUSINESS PHONE:		35 31 819 2010

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		PROVINCE COUNTRY:   	L2
		ZIP:			D02 YX20

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
		EIN:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		PROVINCE COUNTRY:   	L2
		ZIP:			D02 YX20
		BUSINESS PHONE:		35 31 819 2010

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		PROVINCE COUNTRY:   	L2
		ZIP:			D02 YX20
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>fwp.htm
<DESCRIPTION>FREE WRITING PROSPECTUS
<TEXT>
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            <div style="color: rgb(0, 0, 0); font-weight: bold;">PRICING SUPPLEMENT</div>
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Dated September 22, 2025</div>
            <div>&#160;</div>
          </td>
          <td style="width: 56.83%; 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 </div>
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">Supplement, dated September 22, 2025, and</div>
            <div style="text-align: right; margin-left: 36pt; color: #000000; font-weight: bold;">the Base Prospectus, dated October 18, 2024</div>
          </td>
        </tr>

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    <div><br>
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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;">$600,000,000 4.375% Senior Notes due 2030</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">$600,000,000 5.000% Senior Notes due 2035</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 style="text-align: center; color: #000000; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center;">
      <hr noshade="noshade" align="center" style="height: 2px; width: 180px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div><br>
    </div>
    <div style="margin-right: 7.2pt; color: #000000;">Pricing supplement, dated September 22, 2025 (this &#8220;Pricing Supplement&#8221;), to the Preliminary Prospectus Supplement, dated September 22, 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>
    <table cellspacing="0" cellpadding="0" border="0" id="z7d962c79c3984f5d804c8a31bdc005b9" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Issuers:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Notes Offered:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">4.375% Senior Notes due 2030 (the &#8220;2030 Notes&#8221;)</div>
            <div style="color: #000000;">5.000% Senior Notes due 2035 (the &#8220;2035 Notes&#8221; and, together with the 2030 Notes, the &#8220;Notes&#8221;)</div>
          </td>
        </tr>

    </table>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">1</font></div>
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          <td style="width: 33%; 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%; vertical-align: top;">
            <div style="color: #000000;">Baa1 / BBB+ / BBB+ (Moody&#8217;s / S&amp;P / Fitch)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Distribution:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">SEC Registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Trade Date:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">September 22, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Settlement Date:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">October 1, 2025 (T+7)</div>
            <div>&#160;</div>
            <div style="color: #000000;">We expect that delivery of the Notes will be made to investors on or about October 1, 2025, which will be the seventh business day following the date hereof (such settlement cycle being referred to as &#8220;T+7&#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+7, 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>
          </td>
        </tr>
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          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Principal Amount:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">2030 Notes: $600,000,000</div>
            <div style="color: #000000;">2035 Notes: $600,000,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Maturity Date:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">2030 Notes: November 15, 2030</div>
            <div style="color: #000000;">2035 Notes: November 15, 2035</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Coupon:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">2030 Notes: 4.375%</div>
            <div style="color: #000000;">2035 Notes: 5.000%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">Issue Price to Public:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">2030 Notes: 99.702% of the principal amount</div>
            <div style="margin-right: 10.8pt; color: #000000;">2035 Notes: 99.145% 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 October 1, 2025</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Gross Proceeds:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">2030 Notes: $598,212,000</div>
            <div style="color: #000000;">2035 Notes: $594,870,000</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div>___________________________<br>
    </div>
    <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>
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      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
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    <table cellspacing="0" cellpadding="0" id="zb09ee5525c5b4b45bc8ea853a22cf54d" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">2030 Notes: UST 3.625% due August 31, 2030</div>
            <div style="color: #000000;">2035 Notes: UST 4.250% due August 15, 2035</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury Price:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div>20<font style="color: #000000;">30</font> Notes: <font style="color: #000000;">99-22 &#190;</font></div>
            <div>20<font style="color: #000000;">35</font> Notes: 100-28&#160;<font style="color: #000000;">&#190;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Benchmark Treasury Yield:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">2030 Notes: 3.689%</div>
            <div style="color: #000000;">2035 Notes: 4.138%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Spread to Benchmark Treasury:</div>
          </td>
          <td style="width: 67%; vertical-align: middle;">
            <div style="color: #000000;">2030 Notes: +75 basis points</div>
            <div style="color: #000000;">2035 Notes: +97 basis points</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle;">&#160;</td>
          <td style="width: 67%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Yield to Maturity:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">2030 Notes: 4.439%</div>
            <div style="color: #000000;">2035 Notes: 5.108%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Interest Payment Dates:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">2030 Notes: May 15 and November 15, beginning on May 15, 2026</div>
            <div style="color: #000000;">2035 Notes: May 15 and November 15, beginning on May 15, 2026</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="margin-right: 25.2pt; color: #000000;">Optional Redemption:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="margin-right: 25.2pt; color: #000000;">2030 Notes: Following issuance and prior to October 15, 2030, make-whole call at T+15 basis points.&#160; At any time on or after October 15, 2030, par call.</div>
            <div style="margin-right: 25.2pt; color: #000000;">2035 Notes: Following issuance and prior to August 15, 2035, make-whole call at T+15 basis points.&#160; At any time on or after August 15, 2035, par call.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="margin-right: 10.8pt; color: #000000;">Optional Tax Redemption:</div>
            <div>&#160;</div>
          </td>
          <td style="width: 67%; 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>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 67%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">CUSIP / ISIN:</div>
          </td>
          <td style="width: 67%; vertical-align: top;">
            <div style="color: #000000;">2030 Notes: 00774M BR5 / US00774MBR51</div>
            <div style="color: #000000;">2035 Notes: 00774M BS3 / US00774MBS35</div>
          </td>
        </tr>

    </table>
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      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
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    <div><br>
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    <table cellspacing="0" cellpadding="0" border="0" id="z0c592511564b403aad81519fcb82d99f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="vertical-align: top;" colspan="3">
            <div style="text-align: center; color: #000000; font-weight: bold;"><u>Other Information</u></div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="3">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Denominations:</div>
          </td>
          <td colspan="2" style="vertical-align: top;">
            <div style="color: #000000;">$150,000 and integral multiples of $1,000 in excess thereof</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;" rowspan="1">&#160;</td>
          <td colspan="2" style="vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="color: #000000;">Underwriters:</div>
          </td>
          <td colspan="2" style="vertical-align: top; background-color: rgb(255, 255, 255);">
            <div>
              <div>
                <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;">Morgan Stanley &amp; Co. LLC</div>
                <div>Santander US Capital Markets LLC</div>
                <div>BNP Paribas Securities Corp.</div>
                <div style="color: #000000;">BMO Capital Markets Corp.</div>
                <div style="color: #000000;">ING Financial Markets LLC</div>
                <div style="color: #000000;">NatWest Markets Securities Inc.</div>
                <div style="color: #000000;"> <br>
                </div>
                <div style="color: #000000;"> Fifth Third Securities, Inc.</div>
                <div style="color: #000000;">
                  <div>Goldman Sachs &amp; Co. LLC</div>
                  <div>HSBC Securities (USA) Inc.</div>
                  <div>SG Americas Securities, LLC</div>
                  <div> Wells Fargo Securities, LLC</div>
                </div>
              </div>
            </div>
          </td>
        </tr>
        <tr>
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    <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>
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    <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><font style="color: rgb(0, 0, 0);">WWW.SEC.GOV</font><font style="color: #000000;"><font style="color: rgb(0, 0, 0);">. A</font>LTERNATIVELY, YOU MAY OBTAIN A COPY OF THE PROSPECTUS BY CALLING MORGAN
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