1998 Series D (TVC) Calculation
The coupon rate on the 1998 Series D ("TVC") PARRS may be reset downward, under certain conditions, on
June 1 of each year. The coupon rate will be reset if the sum of the average of the U.S. Treasury
30-Year CMT rate for the week ending the last Friday in April, plus 0.94% (94 basis points), is less
than the current coupon rate.
| Date |
U.S. Treasury 30-YR CMT Rate (1) |
| 04/22/2013 |
2.880% |
| 04/23/2013 |
2.900% |
| 04/24/2013 |
2.890% |
| 04/25/2013 |
2.910% |
| 04/26/2013 |
2.870% |
| Average |
2.890% |
| +94 Basis Points (2) |
0.940% |
| = Calculated Rate(3) |
3.830% |
| Current Rate |
4.060% |
| RATE WILL RESET |
| (1) Per 1998 Series D Offering Circular, and 1998 Series D
Legal Notice |
| (2) Per 1998 Series D Offering Circular |
| (3) Coupon rate will reset if "Calculated Rate" is below the
"Current Rate". |
1999 Series A (TVE) Calculation
The coupon rate on the 1999 Series A ("TVE") PARRS may be reset downward, under certain
conditions, on May 1 of each year. The coupon rate will be reset if the sum of the average of the U.S.
Treasury 30-Year CMT rate for the week ending the last Friday in March, plus 0.84% (84 basis points), is
less than the current coupon rate.
| Date |
U.S. Treasury 30-YR CMT Rate (1) |
| 03/25/2013 |
3.14% |
| 03/26/2013 |
3.13% |
| 03/27/2013 |
3.09% |
| 03/28/2013 |
3.10% |
| 03/29/2013 |
No Data |
| Average |
3.115% |
| +84 Basis Points (2) |
0.840% |
| = Calculated Rate(3) |
3.955% |
| Current Rate |
4.150% |
| RATE WILL RESET |
| (1) Per 1999 Series A Offering Circular, and 1999 Series A
Legal Notice |
| (2) Per 1999 Series A Offering Circular |
| (3) Coupon rate will reset if "Calculated Rate" is below the
"Current Rate". |