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Unwind Costs” are specified in the rele<strong>van</strong>t Final Terms, an amount<strong>de</strong>termined by the Calculation Ag<strong>en</strong>t equal to the sum of (withoutduplication) all costs, exp<strong>en</strong>ses (including loss of funding), tax and dutiesincurred by the Issuer in connection with the re<strong>de</strong>mption of the Notes andthe related termination, settlem<strong>en</strong>t or re-establ<strong>is</strong>hm<strong>en</strong>t of any hedge orrelated trading position, such amount to be apportioned pro rata among eachnominal amount of Notes in the Specified D<strong>en</strong>omination.“Valuation Date”means (a) where Physical Delivery <strong>is</strong> specified as applicable in the rele<strong>van</strong>tFinal Terms, the day falling three Business Days after the Final DeliveryDate, or (b) where Cash Settlem<strong>en</strong>t <strong>is</strong> specified as applicable in the rele<strong>van</strong>tFinal Terms, if “Single Valuation Date” <strong>is</strong> specified in the rele<strong>van</strong>t FinalTerms, the date that <strong>is</strong> the number of Business Days specified in the FinalTerms after the Cre<strong>dit</strong> Ev<strong>en</strong>t Determination Date or, if the number ofBusiness Days <strong>is</strong> not so specified, five Business Days after the Cre<strong>dit</strong> Ev<strong>en</strong>tDetermination Date and, if “Multiple Valuation Dates” <strong>is</strong> specified in therele<strong>van</strong>t Final Terms, each of the following dates:(i)(ii)the date that <strong>is</strong> the number of Business Days specified in therele<strong>van</strong>t Final Terms after the Cre<strong>dit</strong> Ev<strong>en</strong>t Determination Date (or,if the number of Business Days <strong>is</strong> not specified, five BusinessDays); an<strong>de</strong>ach successive date that <strong>is</strong> the number of Business Days specifiedin the rele<strong>van</strong>t Final Terms (or, if the number of Business Days <strong>is</strong>not so specified, five Business Days) after the date on which theCalculation Ag<strong>en</strong>t obtains a Market Value with respect to theimmediately preceding Valuation Date.Wh<strong>en</strong> “Multiple Valuation Dates” <strong>is</strong> specified in the rele<strong>van</strong>t Final Terms,the total number of Valuation Dates shall be equal to the number ofValuation Dates specified in the rele<strong>van</strong>t Final Terms (or, if the number ofValuation Dates <strong>is</strong> not so specified, five Valuation Dates).If neither Single Valuation Date nor Multiple Valuation Dates <strong>is</strong> specified inthe rele<strong>van</strong>t Final Terms, Single Valuation Date shall apply.“Valuation Method” (i) The following Valuation Methods may be specified in the rele<strong>van</strong>tFinal Terms for a Series with only one Refer<strong>en</strong>ce Obligation andonly one Valuation Date:(A)(B)“Market” means the Market Value <strong>de</strong>termined by theCalculation Ag<strong>en</strong>t with respect to the Valuation Date; or“Highest” means the highest Quotation obtained by theCalculation Ag<strong>en</strong>t with respect to the Valuation Date.If no such Valuation Method <strong>is</strong> specified in the rele<strong>van</strong>t FinalTerms, the Valuation Method shall be Highest.214

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