Early Trading Fees
During the first 3 years following the Issue Date, an Early Trading Charge will apply to any secondary market sale of a Note through the Selling Agent. The Early Trading Charge will be equal to a percentage of the Principal Amount of the Note, determined as follows:
| If Sold Within |
Early Trading Fee |
| 0 - 1 month |
3.00% |
| 1 - 2 months |
2.92% |
| 2 - 3 months |
2.83% |
| 3 - 4 months |
2.75% |
| 4 - 5 months |
2.67% |
| 5 - 6 months |
2.58% |
| 6 - 7 months |
2.50% |
| 7 - 8 months |
2.42% |
| 8 - 9 months |
2.33% |
| 9 - 10 months |
2.25% |
| 10 - 11 months |
2.17% |
| 11 - 12 months |
2.08% |
| 12 - 13 months |
2.00% |
| 13 - 14 months |
1.92% |
| 14 - 15 months |
1.83% |
| 15 - 16 months |
1.75% |
| 16 - 17 months |
1.67% |
| 17 - 18 months |
1.58% |
| 18 - 19 months |
1.50% |
| 19 - 20 months |
1.42% |
| 20 - 21 months |
1.33% |
| 21 - 22 months |
1.25% |
| 22 - 23 months |
1.17% |
| 23 - 24 months |
1.08% |
| 24 - 25 months |
1.00% |
| 25 - 26 months |
0.92% |
| 26 - 27 months |
0.83% |
| 27 - 28 months |
0.75% |
| 28 - 29 months |
0.67% |
| 29 - 30 months |
0.58% |
| 30 - 31 months |
0.50% |
| 31 - 32 months |
0.42% |
| 32 - 33 months |
0.33% |
| 33 - 34 months |
0.25% |
| 34 - 35 months |
0.17% |
| 35 - 36 months |
0.08% |
| Thereafter |
Nil |
|
