Company: ENBSF
Filing Date: 2025-06-16
Form Type: 424B5
Source: 0001104659-25-059675
Chunk: 26

Company: ENBRIDGE INC
Filing Date: 2025-06-16
Form: 424B5
Chunk 26
---
 to have a maturity date equal to the relevant number of months or years,
as applicable, of such Treasury constant maturity from the redemption date.

If on the third Business Day
preceding the redemption date H.15 TCM is no longer published, the Corporation shall calculate the Treasury Rate based on the rate per
annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such
redemption date of the United States Treasury security maturing on, or with a maturity that is closest to, the applicable Par Call Date,
as applicable. If there is no U.S. Treasury security maturing on the applicable Par Call Date but there are two or more United States
Treasury securities with a maturity date equally distant from the applicable Par Call Date, one with a maturity date preceding the applicable
Par Call Date and one with a maturity date following the applicable Par Call Date, the Corporation shall select the United States Treasury
security with a maturity date preceding the applicable Par Call Date. If there are two or more United States Treasury securities maturing
on the applicable Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Corporation
shall select from among these two or more United States Treasury securities the United States Treasury security that is trading closest
to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time.
In determining the Treasury Rate in accordance with the terms of this paragraph, the semi-annual yield to maturity of the applicable United
States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal amount) at
11:00 a.m., New York City time, of such United States Treasury security, and rounded to three decimal places.

The Corporation’s actions
and determinations in determining the redemption price shall be conclusive and binding for all purposes, absent manifest error.

Notice of any redemption will
be mailed or electronically delivered (or otherwise transmitted in accordance with the Depositary’s procedures) at least 10 days
but not more than 60 days before the redemption date to each holder of the Notes to be redeemed.

In the case of a partial redemption,
selection of the Notes for redemption will be made pro rata, by lot or by such other method as the Trustee in its sole discretion deems
appropriate and fair. No Notes of a principal amount of US