Exhibit
4.1


 


TOYOTA
MOTOR CREDIT CORPORATION





GLOBAL
MEDIUM-TERM NOTE, SERIES B





(Fixed
Rate)





 


	REGISTERED	PRINCIPAL OR FACE AMOUNT
	CUSIP: 89236TEM3 	$500,000,000
	ISIN: US89236TEM36	 
	No. 1	 







 





 


Unless
this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”),
to Issuer or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name
of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede
& Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an
interest herein.


 


 


 


 



*** [ ] CHECK
IF A PRINCIPAL INDEXED NOTE ***


 


IF CHECKED,
CALCULATION AGENT: _____________


 


If this
is a Principal Indexed Note, references herein to “principal” shall be deemed to be the face amount hereof, except
that the amount payable upon Maturity of this Note shall be determined in accordance with the formula or formulas set forth below
or in an attached Addendum hereto.


 


 





    A-5 


     

    

Original Issue Date: January
11, 2018





Stated Maturity Date: January
11, 2028


 


Interest Rate: 3.050% per annum





Interest
Payment Dates: Each January 11 and July 11, beginning on July 11, 2018 and ending on the maturity date.


 


Day Count Convention: 30/360
unless another convention is checked below





[   ] Actual/360





[   ] Actual/Actual


 


Business Day Convention: Following,
unadjusted


 


Redemption: See Addendum attached
hereto for additional details





Redemption Date(s): Any date
prior to the Stated Maturity Date





Notice
of Redemption: At least 30 days but not more than 60 days before the applicable Redemption Date, as described in the Addendum
attached hereto.


 


Repayment: Not Applicable





Optional Repayment Date(s):





Repayment Price:


 


Original Issue Discount: Not
Applicable





Total Amount of Original Issue
Discount:





Yield to Maturity:





Initial Accrual Period:


 


Specified Currency: U.S. dollars





Minimum
Denomination/Minimum Incremental Denomination: $2,000 and $1,000 increments thereafter


 


If a Reopening Note, check [  
], and specify:





Initial Interest
Accrual Date:


 


Note also represented by Clearstream/Euroclear
Note: Not Applicable


 


Addendum Attached:





[X] Yes 


[   ] No


 


Other Provisions:


 




    A-6 


     

    

TOYOTA
MOTOR CREDIT CORPORATION, a California corporation (“Issuer” or the “Company,” which terms include any
successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO.,
or registered assigns, the Principal or Face Amount specified above, or if this is a Principal Indexed Note, the principal amount
as determined in accordance with the terms set forth under “Other Provisions” above and/or in an Addendum attached
hereto, on the Stated Maturity Date specified above (except to the extent redeemed or repaid prior to the Stated Maturity Date),
and to pay interest on the Principal or Face Amount hereof as set forth above at the annual Interest Rate specified above, until
the principal hereof is paid or duly made available for payment.


 


Unless
otherwise specified in an Addendum hereto, Deutsche Bank Trust Company Americas will act as the Company’s paying agent and
will make all payments of principal, premium and interest on the Note on the Company’s behalf. Payment of the principal
of this Note, any premium and the interest due at Maturity (as defined below) will be made upon surrender of this Note at the
office or agency of such paying agent or at the office or agency of such other paying agent as the Company may determine.


 


Interest
on this Note will accrue from and including the most recent Interest Payment Date to which interest has been paid or duly provided
for or, if no interest has been paid, from the Original Issue Date specified above, to, but excluding, the related Interest Payment
Date or Maturity, as the case may be. The Company will pay interest on each Interest Payment Date specified above, commencing
on the first Interest Payment Date following the Original Issue Date, and on the Stated Maturity Date or any Redemption Date or
Optional Repayment Date (if specified as repayable at the option of the Holder in an attached Addendum) (the date of each such
Stated Maturity Date, Redemption Date and Optional Repayment Date and the date on which principal or an installment of principal
is due and payable by declaration of acceleration or otherwise pursuant to the Indenture being referred to hereinafter as a “Maturity”
with respect to principal payable on such date); provided, however, that if the Original Issue Date is between a
Regular Record Date (as defined below) and the next succeeding Interest Payment Date, interest payments will commence on the second
Interest Payment Date following the Original Issue Date; and provided further, that, unless specified otherwise in an Addendum
attached hereto, if any Interest Payment Date or the Maturity falls on a day that is not a Business Day (this and certain other
capitalized terms used herein are defined on the reverse of the Note), any principal, premium, or interest payments will be made
on the next succeeding Business Day as if made on the date the payment was due (the “Following Business Day Convention”),
and no interest will accrue on the amount payable for the period from and after the Interest Payment Date or Maturity, as the
case may be. Unless otherwise specified above, the “Regular Record Date” will be the fifteenth calendar day (whether
or not a Business Day) prior to the applicable Interest Payment Date. The interest so payable and punctually paid or duly provided
for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or
more Predecessor Securities) is registered at the close of business on the Regular Record Date for such Interest Payment Date.
Any such interest which is payable, but not punctually paid or duly provided for on any Interest Payment Date (herein called “Defaulted
Interest”), will forthwith cease to be payable to the registered Holder on such Regular Record Date, and may be paid to
the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest or at any time in any other lawful manner, as more fully provided in the


 






    A-7 


     

    

 


Indenture.
A Special Record Date shall be fixed by the Trustee and notice thereof shall be given to the Holder of this Note not less than
10 days prior to such Special Record Date.


 


Unless
otherwise specified under Specified Currency above and/or in an Addendum attached hereto, this Note will be denominated in U.S.
dollars and payments of principal, premium and interest, if any, on this Note will be made in U.S. dollars or in such coin or
currency of the United States as at the time of payment is legal tender for payments of public and private debts. If this Note
is not denominated in U.S. dollars or if the principal, premium or interest, if any, on this Note is payable in or by reference
to a currency or in amounts determined by reference to one or more currencies other than that in which this Note is denominated,
any other applicable provisions will be included in an Addendum attached hereto. However, unless otherwise specified in an Addendum
attached hereto, if any payment in respect of this Note is required to be made in a currency other than U.S. dollars and such
currency is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control or
is no longer used by the relevant government or for the settlement of transactions within the international banking community,
then all payments in respect of this Note will be made in U.S. dollars until such currency is again available to the Company or
so used. The amounts payable on any date in such currency will be converted into U.S. dollars on the basis of the most recently
available market exchange rate for such currency or as otherwise indicated in an Addendum attached hereto. Any payment so made
in U.S. dollars will not constitute an Event of Default under the Indenture. If the Company cannot make payment in the Specified
Currency indicated above solely because that currency has been replaced by the euro, then, beginning with the date the replacement
becomes effective, the Company will be able to satisfy its obligations under this Note by making payment in euro.


 


Reference
is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place.


 


Unless
the certificate of authentication hereon has been executed by or on behalf of Deutsche Bank Trust Company Americas, the Trustee
for this Note under the Indenture, or its successor thereunder, by the manual signature of two of its authorized officers, this
Note will not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.


 


 




    A-8 


     

    

This
Note is one of a duly authorized series of Securities (hereinafter called the “Securities”) of the Company designated
as its Medium-Term Notes, Series B (the “Notes”). The Notes are issued and to be issued under an Indenture, dated
as of August 1, 1991, between the Company and The Bank of New York Mellon Trust Company, N.A., as amended and supplemented by
the First Supplemental Indenture, dated as of October 1, 1991, among the Company, The Bank of New York Mellon Trust Company, N.A.
and Deutsche Bank Trust Company Americas, formerly known as Bankers Trust Company, the Second Supplemental Indenture, dated as
of March 31, 2004, among the Company, The Bank of New York Mellon Trust Company, N.A. and Deutsche Bank Trust Company Americas
and the Third Supplemental Indenture, dated as of March 8, 2011, among the Company, The Bank of New York Mellon Trust Company,
N.A. and Deutsche Bank Trust Company Americas (collectively, the “Indenture”), to which Indenture, and all indentures
supplemental thereto, reference is hereby made for a statement of the respective rights thereunder of the Company, the Trustee
(as defined below) and the Holders of the Notes, and the terms upon which the Notes are to be authenticated and delivered. Deutsche
Bank Trust Company Americas shall act as Trustee with respect to the Notes (herein called the “Trustee”, which term
includes any successor Trustee with respect to the Notes under the Indenture) and as registrar for the Notes. The terms of individual
Notes may vary with respect to interest rates or interest rate formulas, issue dates, maturity, redemption, repayment, currency
of payment and otherwise.


 


This
Note is not subject to any sinking fund and will not be redeemable or subject to repayment at the option of the Holder prior to
the Stated Maturity Date, except as provided below.


 


Unless
otherwise indicated on the face of this Note, this Note may not be redeemed prior to the Stated Maturity Date. If so provided
above, this Note may be redeemed by the Company on any Redemption Date specified above, in whole or in part, in integral multiples
of the Minimum Incremental Denomination specified above (unless specified otherwise in an Addendum attached hereto, and provided
that any remaining principal hereof shall be at least equal to the Minimum Denomination specified above) at the option of the
Company at the applicable Redemption Price (as defined below) together with accrued interest hereon at the applicable rate payable
to the applicable Redemption Date, upon written Notice of Redemption specified above or such other notice specified in an Addendum
attached hereto. In the event of redemption of this Note in part only, a new Note for the unredeemed portion hereof shall be issued
in the name of the Holder hereof upon the surrender hereof. Unless otherwise specified in an Addendum attached hereto, the “Redemption
Price” will be 100% of the principal amount of this Note.


 


Unless
otherwise specified in an Addendum attached hereto, this Note is not subject to repayment at the option of the Holder. If this
Note shall be repayable at the option of the Holder as specified in an Addendum attached hereto, unless otherwise specified in
such Addendum, on any Optional Repayment Date, this Note shall be repayable in whole or in part in integral multiples of the Minimum
Incremental Denomination specified above (unless specified otherwise in an Addendum attached hereto, and provided that any remaining
principal hereof shall be at least equal to the Minimum Denomination specified above) at the option of the Holder hereof at a
repayment price equal to 100% of the principal amount to be repaid, together with interest thereon payable to the date of repayment.
If specified as repayable at the option of the


 






    A-9 


     

    

 


Holder
in such Addendum, for this Note to be repaid in whole or in part at the option of the Holder hereof, this Note must be received,
with the form entitled “Option to Elect Repayment” below duly completed, by the Trustee at its Corporate Trust Office,
or such address which the Company shall from time to time notify the Holders of the Notes, not more than 15 nor less than 10 days
prior to the related Optional Repayment Date or such other time as is specified in an Addendum attached hereto. Exercise of such
repayment option by the Holder hereof will be irrevocable.


 


This
Note is unsecured and ranks equally with the other unsecured and unsubordinated indebtedness of the Company.


 


Unless
otherwise indicated on the face of this Note, interest payments for this Note shall be computed and paid on the basis of a 360-day
year of twelve 30-day months. If the Day Count Convention specified above is “Actual/360” or “Actual/Actual”,
interest payments for this Note shall be computed on the basis of the actual number of days in the related month and a 360-day
year or on the basis of the actual number of days in the related year and month, respectively.


 


The
Notes are issuable only in registered form without coupons in denominations equal to the Minimum Denomination specified above
and higher integral multiples of the Minimum Incremental Denomination specified above (unless otherwise specified in an Addendum
attached hereto). The Company will specify the minimum denominations for Notes denominated in a foreign currency in an Addendum
attached hereto. As provided in the Indenture and subject to certain limitations therein set forth, the Notes are exchangeable
for a like aggregate principal amount of Notes as requested by the Holder surrendering the same.


 


As
provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note may be registered on
the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the
Company duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security
Registrar duly executed by, the Holder hereof or by its attorney duly authorized in writing, and thereupon one or more new Notes
of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.


 


No
service charge will be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge payable in connection therewith.


 


Notwithstanding
anything to the contrary contained herein or in the Indenture, for purposes of determining the voting rights of a Holder of a
Note for which the principal thereof is determined by reference to the price or prices of specified commodities or stocks, interest
rate indices, interest rate swap or exchange rate swap indices, the exchange rate of one or more specified currencies relative
to another currency or such other price, exchange rate or other financial index or indices as specified above (a “Principal
Indexed Note”), the principal amount of any such Principal Indexed Note will be deemed to be equal to the face amount thereof
upon issuance. The method for determining the amounts, if any, payable on Interest Payment Dates and at Maturity on a Principal
Indexed Note will be specified in an attached Addendum.


 






    A-10 


     

    

 


If
an Event of Default with respect to the Notes shall occur and be continuing, the principal of all the Notes may be declared due
and payable in the manner and with the effect provided in the Indenture.


 


The
Indenture permits, subject to certain exceptions provided therein, the Company and the Trustee to enter into supplemental indentures
for a series of Securities with the consent of the Holders of 66 2/3% of the outstanding principal amount of that series, for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of
modifying in any manner the rights of the Holders of each such series affected by such modification or amendment. The Indenture
also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of each
series at the time Outstanding, on behalf of the Holders of all the Securities of such series, to waive compliance by the Company
with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent
or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note
and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof whether or not notation
of such consent or waiver is made upon this Note.


 


So
long as this Note shall be outstanding, the Company will cause to be maintained, in each Place of Payment, an office or agency
for the payment of the principal of and premium, if any, and interest on this Note as herein provided and for the registration,
transfer and exchange of this Note. The Company shall give prompt written notice to the Trustee of the location, and any change
in the location, of such office or agency.


 


No
reference herein to the Indenture and no provision of this Note or of the Indenture will alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and interest on this Note at the time, place and rate, and
in the coin or currency, herein prescribed.


 


Prior
to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue,
and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.


 


If
this Note is not a Reopening Note, the Company may reopen this issue of Notes by issuing additional Securities with the same terms
as these Notes, except that the additional Securities shall bear interest from and including the last date to which interest has
been paid on these Notes or from the Original Issue Date specified above, if no interest has been paid. Any additional Securities
so issued will be considered for all purposes part of the same issue of Notes.


 


Unless
otherwise specified in an Addendum attached hereto, if this Note is a Reopening Note, notwithstanding anything to the contrary
in this Note, interest on this Note shall accrue from and including the Initial Interest Accrual Date specified above; and for
purposes of all interest calculations, references to Original Issue Date in this Note shall be replaced with a reference to the
Initial Interest Accrual Date specified above. If this Note is a Reopening Note, this Note shall be considered for all purposes
part of the same issue of Notes that has been reopened.


 






    A-11 


     

    

 


The
Indenture and the Notes shall be governed by and construed in accordance with the laws of the State of New York.


 


Any
provision contained herein with respect to the calculation of the rate of interest applicable to this Note, its payment dates
or any other matter relating hereto may be modified as specified in an Addendum relating hereto. References herein to “this
Note,” “hereof,” “herein,” “as specified above” or similar language of like import shall
include any Addendums to this Note.


 


As
used herein:


 


(a)
the term “Business Day” means:


 


		1.	for
                                         United States dollar denominated Notes: any day other than a Saturday or Sunday, that
                                         is neither a legal holiday nor a day on which commercial banks are authorized or required
                                         by law, regulation or executive order to close in The City of New York (a “New
                                         York Business Day”);



 


		2.	for
                                         non-United States Dollar denominated Notes (other than Notes denominated in euro): a
                                         day that is both (x) a day other than a day on which commercial banks are authorized
                                         or required by law, regulation or executive order to close in the Principal Financial
                                         Center (as defined below) of the country issuing the Specified Currency (as indicated
                                         above) and (y) a New York Business Day; and



 


		3.	for
                                         euro denominated Notes: a day that is both (x) a day on which the Trans-European Automated
                                         Real-time Gross Settlement Express Transfer (TARGET) system is open; and (y) a New York
                                         Business Day.



 


(b)
the term “Principal Financial Center” means: the capital city of the country issuing the Specified Currency
except that with respect to United States dollars, Australian dollars, Canadian dollars, South African rand and Swiss francs,
the Principal Financial Center will be the City of New York, Sydney, Toronto, Johannesburg and Zurich, respectively.


 


(c)
the term “Specified Currency” means the currency specified above (or, if the currency is no longer legal tender
for the payment of public and private debts, any other currency of the relevant country or entity which is then legal tender for
the payment of such debts).


 


(d)
all terms used in this Note which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned
to them in the Indenture.


 




    A-12 


     

    

IN WITNESS
WHEREOF, the Company has caused this instrument to be duly executed, manually or in facsimile, and an imprint or facsimile of
its corporate seal to be imprinted hereon.


 





	 	TOYOTA MOTOR CREDIT CORPORATION
	 	 
	 	 
	 	By:	
	 	 	Michael Groff
	 	 	President
and Chief Executive Officer


 


 















Attest:


 









	 
	By:	
	 	Katherine
Adkins
	 	Secretary


 



 








 


CERTIFICATE OF AUTHENTICATION





This is one of the Securities
of the series





designated therein referred to
in the





within-mentioned Indenture.





DEUTSCHE BANK TRUST COMPANY AMERICAS,
as Trustee





By: Deutsche Bank National Trust
Company


 













	 	 	 
	By:		Dated:   	 
	 	Authorized
Signatory	 	 


 

















	 	 	 
	By:		Dated:   	 
	 	Authorized
Signatory	 	 


 







 




    A-13 


     

    

OPTION TO
ELECT REPAYMENT


 


The undersigned
hereby irrevocably request(s) and instruct(s) the Company to repay this Note (or portion hereof specified below) pursuant to its
terms and at a price equal to the principal amount hereof together with interest to the repayment date, to the undersigned, at
_________________________________________________________











	 









(Please print or typewrite name
and address of the undersigned)


 


For this
Note to be repaid, the Trustee must receive at its Corporate Trust Office, or at such other place or places of which the Company
shall from time to time notify the Holder of this Note, not more than 15 nor less than 10 days prior to an Optional Repayment
Date, if any, shown on the face of this Note, this Note with this “Option to Elect Repayment” form duly completed.


 


If less than
the entire principal amount of this Note is to be repaid, specify the portion hereof (which shall be integral multiples of the
Minimum Incremental Denomination specified above) which the Holder elects to have repaid and specify the denomination or denominations
(which shall be equal to at least the Minimum Denomination specified above or higher integral multiples of the Minimum Incremental
Denomination specified above) of the Notes to be issued to the Holder for the portion of this Note not being repaid (in the absence
of any such specification, one such Note will be issued for the portion not being repaid).


 


	$_______________________________

         

        Date ____________________________

         
	___________________________________

        

        NOTICE: The signature
        on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular,
        without alteration or enlargement or any change whatever.

         





    A-14 


     

    

ASSIGNMENT/TRANSFER
FORM


 


FOR VALUE
RECEIVED the undersigned registered Holder hereby sell(s), assign(s) and transfer(s) unto (insert Taxpayer Identification No.)
________________


	 



	 



(Please print or typewrite name
and address including postal zip code of assignee)


 


	 







the within Note and all rights
thereunder, hereby irrevocably constituting and appointing _______________________________________________________________
attorney to transfer said Note on the books of the Company with full power of substitution in the premises.


 


Dated: ____________                          _________________________________________


 


NOTICE: The signature
of the registered Holder to this assignment must correspond with the name as written upon the face of the within instrument in
every particular, without alteration or enlargement or any change whatsoever.


 


 




    A-15 


     

    

ABBREVIATIONS


 


The following
abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations.


 


TEN COM--as tenants in
common


 


UNIF GIFT MIN ACT--........................................Custodian...................................................





                                                  (Cust)                                                     (Minor)


 


Under Uniform Gifts
to Minors Act


 


...................................................................


                                                                                                   (State)


 


TEN ENT--as tenants by
the entireties





JT
TEN--as joint tenants with right of survivorship and not as tenants in common


 


Additional
abbreviations may also be used though not in the above list.


 




    A-16 


     

    

ADDENDUM


 


Optional
Make-Whole Redemption: The Notes to which this Addendum is attached will be redeemable before their maturity, in whole or in part,
at the Issuer’s option at any time, at a “make-whole” redemption price (the “Redemption Price”)
equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of
the remaining scheduled payments of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the applicable
Redemption Date) discounted to the applicable Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus 10 basis points, plus accrued and unpaid interest thereon to the applicable Redemption
Date; provided that the principal amount of a Note remaining outstanding after a redemption shall be $2,000 or an integral multiple
of $1,000 in excess thereof.


 


“Calculation
Agent” means Deutsche Bank Trust Company Americas.


 


“Comparable
Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity
comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance
with customary financial practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining
term of the Notes to which this Addendum is attached.


 


“Comparable
Treasury Price” means, with respect to any Redemption Date, (A) the average of the Reference Treasury Dealer Quotations
for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (B) if the Calculation
Agent obtains fewer than five such Reference Treasury Dealer Quotations, the average of all such quotations.


 


“Independent
Investment Banker” means one of the Reference Treasury Dealers appointed by the Calculation Agent after consultation with
the Issuer.


 


“Reference
Treasury Dealer” means each of HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho
Securities USA LLC, Morgan Stanley & Co. LLC and SG Americas Securities, LLC, or their respective affiliates; provided, however,
that if any of the foregoing or their affiliates cease to be a primary U.S. Government securities dealer in the United States,
the Issuer will substitute another nationally recognized investment banking firm that is a primary U.S. Government securities
dealer.


 


“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average,
as determined by the Calculation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case
as a percentage of its principal amount) quoted in writing to the Calculation Agent by such Reference Treasury Dealer at 3:30
p.m. New York time on the third Business Day preceding such Redemption Date.


 


“Treasury
Rate” means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent yield to maturity
of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal
amount) equal to the Comparable Treasury Price for such Redemption Date.


 






    A-17 


     

    

 


Notice of
any redemption will be mailed at least 30 days but not more than 60 days before the Redemption Date to the Holder of the Notes
to which this Addendum is attached.


 


Unless the
Issuer defaults in payment of the Redemption Price, on and after the Redemption Date interest will cease to accrue on the Notes
to which this Addendum is attached or portions thereof called for redemption.


 







 


 



    A-18