Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 100

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 100
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 in semi-annual
installments in arrears on March 15 and September 15 each year (each, an “Interest Payment Date”), to the
persons in whose names the Notes are registered at the close of business on the preceding September 1 and March 1, respectively
(whether or not a business day) (the “Regular Record Date”).

Interest is calculated on
the basis of a 360-day year consisting of twelve 30-day months. Principal of and interest on the Notes is payable in such coin or currency
of the United States as at the time of payment is legal tender for the payment of public and private debts.

If any Interest Payment
Date, maturity date or redemption date of the Notes falls on a day that is not a business day, the required payment of principal, premium,
if any, and interest will be made on the next succeeding business day as if made on the date that the payment was due and no interest
will accrue on that payment for such period from and after that Interest Payment Date, maturity date or redemption date, as the case
may be, to the date of that payment on the next succeeding business day. The term “business day” means any day, other than
a Saturday or Sunday, which is not a day on which banking institutions in the City of New York are authorized or required by law or executive
order to close.

The Notes are not redeemable
at the option of the holder prior to maturity and are not subject to any sinking fund.

The Indenture is being qualified
under the U.S. Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), a copy of which is filed as an
exhibit to the registration statement to which this prospectus forms a part. References to accounting terms in the Indenture and in this
summary, unless otherwise defined, have the meanings assigned to them in accordance with IFRS Accounting Standards.

The Indenture provides that,
in addition to the Notes, securities of other series may be issued under the Indenture without limitation as to aggregate principal amount.
The securities of other series may have such terms and provisions not inconsistent with the Indenture as the Company may determine from
time to time. The securities of any series issued under the Indenture, including the Notes, are referred to as “securities”.

<div align='center'>General</div>

The Notes are the Company’s
and Allied World’s direct, unsecured