Company: RTNTF
Filing Date: 2025-03-10
Form Type: 424B2
Source: 0001104659-25-022024
Chunk: 39

Company: RIO TINTO LTD
Filing Date: 2025-03-10
Form: 424B2
Chunk 39
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 occurs on or after the 20 Par Call Date, 100% of the principal amount of the Notes to be redeemed, together, in either case, with accrued interest on the principal amount of the Notes to be redeemed to the date of redemption.

In the case of the 20 Notes, upon redemption, we will pay a redemption price equal to (i) if such redemption occurs prior to the 20 Notes Par Call Date, the greater of (x) 100% of the principal amount of the Notes to be redeemed and (y) as certified to the trustee by us or Rio Tinto, the sum of the present values of the remaining scheduled payments discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus a spread of basis points less interest accrued at the date of redemption or (ii) if such redemption occurs on or after the 20 Par Call Date, 100% of the principal amount of the Notes to be redeemed, together, in either case, with accrued interest on the principal amount of the Notes to be redeemed to the date of redemption.

In the case of the 20 Notes, upon redemption, we will pay a redemption price equal to (i) if such redemption occurs prior to the 20 Notes Par Call Date, the greater of (x) 100% of the principal amount of the Notes to be redeemed and (y) as certified to the trustee by us or Rio Tinto, the sum of the present values of the remaining scheduled payments discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus a spread of basis points less interest accrued at the date of redemption or (ii) if such redemption occurs on or after the 20 Par Call Date, 100% of the principal amount of the Notes to be redeemed, together, in either case, with accrued interest on the principal amount of the Notes to be redeemed to the date of redemption.

“Treasury Rate” means, with respect to any redemption date, the yield determined in accordance with the following:

The Treasury Rate shall be determined by us, Rio Tinto or any other designated agent of us or Rio Tinto after 4:15 p.m., (New York City time) (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third business day