If Call Option (Make Whole Redemption) is specified hereon, the Issuer may, on giving not less than 30 nor more than 60 days' irrevocable notice to the Noteholders (or such other notice period as may be specified hereon) redeem, in whole or in part, the Notes on any Make Whole Optional Redemption Date. Any such redemption of Notes shall be at their Make Whole Redemption Amount together with interest accrued to the date fixed for redemption.

"Make Whole Redemption Amount" means, with respect to each Security to be redeemed, either:

(i) an amount calculated by the Determination Agent equal to the higher of (i) the principal amount of such Security and (ii) the sum of (x) the present value of the principal amount of such Security and (y) the present values of Distribution payable for the relevant Distribution Payment Dates from, and including, the relevant Make Whole Optional Redemption Date to the Maturity Date (exclusive of Distribution accrued to the Make Whole Optional Redemption Date), in each case, discounted to such redemption date at the Make Whole Reference Rate, plus the Make Whole Redemption Margin; or

(ii) the amount specified in, or determined in the manner specified in, the applicable Pricing Supplement;

"Make Whole Reference Rate" means:

(i) with respect to any Make Whole Optional Redemption Date as specified in the relevant Pricing Supplement, the rate per annum equal to the annual or semi-annual yield (as the case may be) to maturity or interpolated yield to maturity (on the relevant day count basis) of the Reference Security, assuming a price for the Reference Security (expressed as a percentage of its nominal amount) equal to the Reference Security Price for such Make Whole Optional Redemption Date; or

(ii) the rate specified in, or determined in the manner specified in, the relevant Pricing Supplement;

Make Whole Optional Redemption Date(s): Any date from the Issue Date up to (but excluding) the Maturity Date

Make Whole Redemption Margin: 0.30 per cent.