Fixed Rate Notes definition

Examples of Fixed Rate Notes in a sentence

• Interest during the Fixed Rate Period shall be calculated in respect of any Fixed Rate Interest Period by applying the Fixed Rate of Interest specified on the face herein to the nominal amount of the Fixed Rate Notes and multiplying such sum by the applicable Day Count Fraction in effect for such period and rounding the resultant figure to the nearest cent, with half or more of any cent being rounded upwards.

• Any Interest Rate Adjustment shall be effective from the Interest Period commencing on the Interest Payment Date immediately following the date of the relevant Step Up Event or the relevant Step Down Event until the date on which either a further Interest Rate Adjustment becomes effective or the Senior Notes cease to bear interest, as the case may be (and, in the case of Fixed Rate Notes, the relevant Fixed Coupon Amount shall be adjusted accordingly).

• The relevant Final Terms contain provisions applicable to the determination of fixed rate interest and must be read in conjunction with this Condition 4.1 for full information on the manner in which interest is calculated on Fixed Rate Notes.

• This Condition 4.4 shall apply to Senior Notes which are Fixed Rate Notes or Floating Rate Notes only where the Final Terms state that the Senior Notes will be subject to adjustment (each such adjustment an "Interest Rate Adjustment") in the event of a Step Up Event or a Step Down Event.

• The applicable Final Terms or (in the case of Exempt Notes) the applicable Pricing Supplement will indicate whether the Notes are Fixed Rate Notes, Floating Rate Notes or Zero Coupon Notes or, in the case of Exempt Notes, whether a different interest basis applies.