Document:

EX-4.2

 Exhibit 4.2 

EXECUTION VERSION 

PFIZER INC. 
 and 

THE BANK OF NEW YORK MELLON, 

Trustee 
 THE BANK OF NEW YORK
MELLON, LONDON BRANCH, 
 Paying Agent and Calculation Agent 

NINTH SUPPLEMENTAL INDENTURE 

Dated as of March 6, 2017 

to 
 INDENTURE 

Dated as of January 30, 2001 

Floating Rate Notes due 2019 

0.000% Notes due 2020 
 0.250% Notes
due 2022 
 1.000% Notes due 2027 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	
	ARTICLE ONE	 
	
	DEFINITIONS	 
			
	 Section 101
	 	 Definition of Terms
	  	 	2	 
	
	ARTICLE TWO	 
	
	GENERAL TERMS AND CONDITIONS OF THE FLOATING RATE NOTES	 
			
	 Section 201
	 	 Designation and Principal Amount
	  	 	2	 
	 Section 202
	 	 Maturity
	  	 	2	 
	 Section 203
	 	 Further Issues
	  	 	2	 
	 Section 204
	 	 Interest
	  	 	3	 
	 Section 205
	 	 Authorized Denominations
	  	 	5	 
	 Section 206
	 	 Redemption
	  	 	5	 
	 Section 207
	 	 Appointment of Agents
	  	 	5	 
	 Section 208
	 	 Issuance in Euros
	  	 	5	 
	
	ARTICLE THREE	 
	
	GENERAL TERMS AND CONDITIONS OF THE 2020 NOTES	 
			
	 Section 301
	 	 Designation and Principal Amount
	  	 	6	 
	 Section 302
	 	 Maturity
	  	 	6	 
	 Section 303
	 	 Further Issues
	  	 	6	 
	 Section 304
	 	 Interest
	  	 	6	 
	 Section 305
	 	 Authorized Denominations
	  	 	6	 
	 Section 306
	 	 Redemption
	  	 	6	 
	 Section 307
	 	 Appointment of Agents
	  	 	7	 
	 Section 308
	 	 Issuance in Euros
	  	 	7	 
	
	ARTICLE FOUR	 
	
	GENERAL TERMS AND CONDITIONS OF THE 2022 NOTES	 
			
	 Section 401
	 	 Designation and Principal Amount
	  	 	7	 
	 Section 402
	 	 Maturity
	  	 	7	 
	 Section 403
	 	 Further Issues
	  	 	7	 
	 Section 404
	 	 Interest
	  	 	8	 
	 Section 405
	 	 Authorized Denominations
	  	 	8	 
	 Section 406
	 	 Redemption
	  	 	8	 
	 Section 407
	 	 Appointment of Agents
	  	 	8	 
	 Section 408
	 	 Issuance in Euros
	  	 	8	 

  
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	ARTICLE FIVE	 
	
	GENERAL TERMS AND CONDITIONS OF THE 2027 NOTES	 
			
	 Section 501
	 	 Designation and Principal Amount
	  	 	9	 
	 Section 502
	 	 Maturity
	  	 	9	 
	 Section 503
	 	 Further Issues
	  	 	9	 
	 Section 504
	 	 Interest
	  	 	9	 
	 Section 505
	 	 Authorized Denominations
	  	 	9	 
	 Section 506
	 	 Redemption
	  	 	9	 
	 Section 507
	 	 Appointment of Agents
	  	 	10	 
	 Section 508
	 	 Issuance in Euros
	  	 	10	 
	
	ARTICLE SIX	 
	
	BOOK-ENTRY PROVISIONS FOR GLOBAL SECURITIES	 
			
	 Section 601
	 	 Book-entry Provisions for Global Securities
	  	 	10	 
	
	ARTICLE SEVEN	 
	
	OPTIONAL REDEMPTION OF FIXED RATE NOTES; REDEMPTION FOR TAX REASONS; NO SINKING FUND	 
			
	 Section 701
	 	 Optional Redemption of the Fixed Rate Notes by Company
	  	 	12	 
	 Section 702
	 	 Par Calls
	  	 	14	 
	 Section 703
	 	 No Optional Redemption of the Floating Rate Notes
	  	 	14	 
	 Section 704
	 	 Redemption for Tax Reasons
	  	 	14	 
	 Section 705
	 	 No Sinking Fund
	  	 	15	 
	
	ARTICLE EIGHT	 
	
	FORMS OF NOTES	 
			
	 Section 801
	 	 Form of Floating Rate Note
	  	 	15	 
	 Section 802
	 	 Form of 2020 Note
	  	 	15	 
	 Section 803
	 	 Form of 2022 Note
	  	 	15	 
	 Section 804
	 	 Form of 2027 Note
	  	 	15	 
	
	ARTICLE NINE	 
	
	ORIGINAL ISSUE AMOUNT OF NOTES	 
			
	 Section 901
	 	 Original Issue Amount of the Floating Rate Notes
	  	 	15	 
	 Section 902
	 	 Original Issue Amount of the 2020 Notes
	  	 	15	 
	 Section 903
	 	 Original Issue Amount of the 2022 Notes
	  	 	15	 
	 Section 904
	 	 Original Issue Amount of the 2027 Notes
	  	 	16	 

  
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	ARTICLE TEN	 
	
	PAYMENT OF ADDITIONAL AMOUNTS	 
			
	 Section 1001
	 	 Payment of Additional Amounts
	  	 	16	 
	 Section 1002
	 	 General
	  	 	18	 
	
	ARTICLE ELEVEN	 
	
	PAYING AGENT	 
			
	 Section 1101
	 	 Appointment of Paying Agent
	  	 	18	 
	 Section 1102
	 	 Payment
	  	 	18	 
	 Section 1103
	 	 Indemnity
	  	 	20	 
	 Section 1104
	 	 General
	  	 	20	 
	 Section 1105
	 	 Change of Paying Agent
	  	 	22	 
	 Section 1106
	 	 Compensation, Fees and Expenses
	  	 	23	 
	 Section 1107
	 	 Notices
	  	 	23	 
	 Section 1108
	 	 FATCA
	  	 	24	 
	
	ARTICLE TWELVE	 
	
	MISCELLANEOUS	 
			
	 Section 1201
	 	 Ratification of Indenture
	  	 	24	 
	 Section 1202
	 	 Trustee Not Responsible for Recitals
	  	 	24	 
	 Section 1203
	 	 Governing Law
	  	 	24	 
	 Section 1204
	 	 Separability
	  	 	24	 
	 Section 1205
	 	 Counterparts
	  	 	25	 
	 Section 1206
	 	 Trust Indenture Act
	  	 	25	 

  

							
	 Exhibits
	 		  			
			
	 Exhibit A
	 	 Form of Floating Rate Note
	  			
	 Exhibit B
	 	 Form of 2020 Note
	  			
	 Exhibit C
	 	 Form of 2022 Note
	  			
	 Exhibit D
	 	 Form of 2027 Note
	  			

  
 iii 

 NINTH SUPPLEMENTAL INDENTURE, dated as of March 6, 2017 (the “Ninth Supplemental
Indenture”), among Pfizer Inc., a corporation duly organized and existing under the laws of the State of Delaware, having its principal office at 235 East 42nd Street, New York, New York 10017 (the “Company”), The Bank of New York
Mellon (formerly The Bank of New York, a New York banking corporation (successor to JPMorgan Chase Bank, N.A. (formerly JPMorgan Chase Bank, formerly The Chase Manhattan Bank (successor to The Chase Manhattan Bank (National Association)))), as
trustee (the “Trustee”), and The Bank of New York Mellon, London Branch, as paying agent and calculation agent. 
 WHEREAS, the
Company executed and delivered the indenture, dated as of January 30, 2001, to the Trustee (the “Indenture”), to provide for the issuance of the Company’s notes, bonds, debentures or any other evidences of indebtedness (the
“Securities”), in one or more fully registered series; 
 WHEREAS, pursuant to Section 901 of the Indenture, the Company
desires to provide for the issuance of (i) a new series of its Securities to be known as its Floating Rate Notes due 2019 (the “Floating Rate Notes”), (ii) a new series of its Securities to be known as its 0.000% Notes due 2020 (the
“2020 Notes”), (iii) a new series of its Securities to be known as its 0.250% Notes due 2022 (the “2022 Notes”) and (iv) a new series of its Securities to be known as its 1.000% Notes due 2027 (the “2027 Notes”
and, together with the 2020 Notes and the 2022 Notes, the “Fixed Rate Notes” and, the Fixed Rate Notes together with the Floating Rate Notes, the “Notes”), and to establish the forms of the Notes thereof, as provided in
Section 202 of the Indenture, and to set forth the terms thereof, as provided in Section 301 of the Indenture; 
 WHEREAS, the
Board of Directors of the Company, pursuant to resolutions duly adopted, has duly authorized the issuance of the Company’s debt securities and the Securities Issuance Committee of the Company, pursuant to a resolution duly adopted on
February 28, 2017, has duly authorized the issuance of €1,250,000,000 aggregate principal amount of Floating Rate Notes, €1,000,000,000 aggregate principal amount of 2020 Notes, €1,000,000,000 aggregate principal amount of 2022
Notes and €750,000,000 aggregate principal amount of 2027 Notes, and has authorized the proper officers of the Company to execute any and all appropriate documents necessary or appropriate to effect such issuance; 

WHEREAS, the Company has requested that the Trustee execute and deliver this Ninth Supplemental Indenture; and 

WHEREAS, all things necessary to make this Ninth Supplemental Indenture a valid agreement of the Company, in accordance with its terms, and to
make the Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid obligations of the Company, have been done; 

 NOW THEREFORE, in consideration of the premises and the purchase and acceptance of the Notes by
the Holders thereof, and for the purpose of setting forth, as provided in the Indenture, the forms and terms of the Notes, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Notes, as follows: 

ARTICLE ONE 

DEFINITIONS 

Section 101 Definition of Terms. Unless the context otherwise requires: 

(a) each term defined in the Indenture has the same meaning when used in this Ninth Supplemental Indenture; 

(b) each term defined anywhere in this Ninth Supplemental Indenture has the same meaning throughout; 

(c) the singular includes the plural and vice versa; and 

(d) headings are for convenience of reference only and do not affect interpretation. 

ARTICLE TWO 
 GENERAL
TERMS AND CONDITIONS OF THE FLOATING RATE NOTES 
 Section 201 Designation and Principal Amount. There is hereby authorized
and established a series of Securities under the Indenture, designated as the “Floating Rate Notes due 2019”, which is not limited in aggregate principal amount. The aggregate principal amount of the Floating Rate Notes to be issued on the
date hereof is set forth in Article Nine herein. 
 Section 202 Maturity. The Stated Maturity of principal of the Floating Rate
Notes is March 6, 2019. 
 Section 203 Further Issues. The Company may from time to time, without the consent of the
Holders of the Floating Rate Notes, issue additional Floating Rate Notes. Any such additional Floating Rate Notes will have the same ranking, interest rate, maturity date and other terms as the Floating Rate Notes herein provided for. Any such
additional Floating Rate Notes, together with the Floating Rate Notes herein provided for, will constitute a single series of Securities under the Indenture. No additional Floating Rate Notes may be issued if an Event of Default has occurred and is
continuing with respect to the Floating Rate Notes. The Company will not issue any additional Floating Rate Notes intended to form a single series with the Floating Rate Notes herein provided for unless such additional Floating Rate Notes will be
fungible with the Floating Rate Notes herein provided for, for U.S. federal income tax purposes. 

  
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 Section 204 Interest. 

(a) The Floating Rate Notes will bear interest accrued from and including March 6, 2017, or from the most recent Interest Payment Date to
which interest has been paid or duly provided for; the Interest Payment Dates on which such interest shall be payable are March 6, June 6, September 6 and December 6 of each year, beginning on June 6, 2017. The per annum
interest rate on the Floating Rate Notes in effect for each day of a Floating Rate Interest Period (as defined below) will be equal to the Applicable EURIBOR Rate (as defined below) plus 20 basis points (0.200%) (the “Floating Interest
Rate”), provided, however, that in no event shall such interest rate be less than zero. The Floating Interest Rate for each Floating Rate Interest Period will be set on March 6, June 6, September 6 and December 6 of each
year and will be set for the initial Floating Rate Interest Period on March 6, 2017 (each such date, a “Floating Rate Interest Reset Date”) until the principal on the floating rate notes is paid or made available for payment (the
“Floating Rate Principal Payment Date”). If any Floating Rate Interest Reset Date (other than the initial Floating Rate Interest Reset Date occurring on March 6, 2017) and Floating Rate Interest Payment Date would otherwise be a day
that is not a EURIBOR Business Day (as defined below), such Floating Rate Interest Reset Date and Floating Rate Interest Payment Date shall be the next succeeding EURIBOR Business Day, unless the next succeeding EURIBOR Business Day is in the next
succeeding calendar month, in which case such Floating Rate Interest Reset Date and Floating Rate Interest Payment Date shall be the immediately preceding EURIBOR Business Day. 

(b) The amount of interest for each day that the Floating Rate Notes are outstanding (the “Daily Interest Amount”) will be
calculated by dividing the Floating Interest Rate in effect for such day by 360 and multiplying the result by the principal amount of the Floating Rate Notes. The amount of interest to be paid on the Floating Rate Notes for any Floating Rate
Interest Period will be calculated by adding the Daily Interest Amounts for each day in such Floating Rate Interest Period. 
 (c) The
Floating Interest Rate and amount of interest to be paid on the Floating Rate Notes for each Floating Rate Interest Period will be determined by the Calculation Agent (as defined below). The Calculation Agent will, upon the request of any Holder of
the Floating Rate Notes, provide the interest rate at the time of the last Interest Payment Date with respect to the Floating Rate Notes. All calculations made by the Calculation Agent shall in the absence of manifest error be conclusive for all
purposes and binding on the Company and the Holders of the Floating Rate Notes. So long as the Applicable EURIBOR Rate is required to be determined with respect to the Floating Rate Notes, there will at all times be a Calculation Agent. In the event
that any then acting Calculation Agent shall be unable or unwilling to act, or that such Calculation Agent shall fail duly to establish the Applicable EURIBOR Rate for any Interest Period, or that the Company proposes to remove such Calculation
Agent, the Company shall appoint itself or another person which is a bank, trust company, investment banking firm or other financial institution to act as the Calculation Agent. 

(d) The Regular Record Date for the interest payable on any Interest Payment Date is the close of business (in London) on the 15th calendar day (whether or not a Business Day) immediately preceding the relevant Interest Payment Date. If any 

  
 -3- 

 
Floating Rate Interest Reset Date and Interest Payment Date would otherwise be a day that is not a EURIBOR Business Day, such Floating Rate Interest Reset Date and Interest Payment Date shall be
the next succeeding EURIBOR Business Day, unless the next succeeding EURIBOR Business Day is in the next succeeding calendar month, in which case such Floating Rate Interest Reset Date and Interest Payment Date shall be the immediately preceding
EURIBOR Business Day. 
 “EURIBOR Business Day” means any day that is not a Saturday or Sunday and that, in the City of New York or the City of
London, is not a day on which banking institutions are generally authorized or obligated by law to close, and is a day on which the TARGET System, or any successor thereto, operates. 

“Floating Rate Interest Period” shall mean the period from and including a Floating Rate Interest Reset Date to but excluding the next succeeding
Floating Rate Interest Reset Date and, in the case of the last such period, from and including the Floating Rate Interest Reset Date immediately preceding the Stated Maturity of the Floating Rate Notes or the Floating Rate Principal Payment Date, as
the case may be, to but not including such Stated Maturity of the Floating Rate Notes or the Floating Rate Principal Payment Date. If the Stated Maturity of the Floating Rate Notes or the Floating Rate Principal Payment Date is not a EURIBOR
Business Day, then the principal amount of the Floating Rate Notes plus accrued and unpaid interest thereon shall be paid on the next succeeding EURIBOR Business Day and no interest shall accrue for the Stated Maturity of the Floating Rate Notes or
the Floating Rate Principal Payment Date or any day thereafter. 
 The “Applicable EURIBOR Rate” shall mean the rate determined in accordance with
the following provisions: 
 (1) Two prior TARGET days on which dealings in deposits in euros are transacted in the euro-zone interbank
market preceding each Floating Rate Interest Reset Date (each such date, an “Interest Determination Date”), The Bank of New York Mellon, London Branch (the “Calculation Agent”), as agent for the Company, will determine the
Applicable EURIBOR Rate which shall be the rate for deposits in euro having a maturity of three months commencing on the first day of the applicable Floating Rate Interest Period that appears on the Reuters Screen EURIBOR01 Page as of 11:00 a.m.,
Brussels time, on such Interest Determination Date. “Reuters Screen EURIBOR01 Page” means the display designated on page “EURIBOR01” on Reuters (or such other page as may replace the EURIBOR01 page on that service or any
successor service for the purpose of displaying euro-zone interbank offered rates for euro-denominated deposits of major banks). If the Applicable EURIBOR Rate on such Interest Determination Date does not appear on the Reuters Screen EURIBOR01 Page,
the Applicable EURIBOR Rate will be determined as described in (2) below. 
 (2) With respect to an Interest Determination Date for
which the Applicable EURIBOR Rate does not appear on the Reuters Screen EURIBOR01 Page as specified in (1) above, the Applicable EURIBOR Rate will be determined on the basis of the rates at which deposits in euro are offered by four major banks
in the euro-zone interbank market selected by the Company (the “Reference Banks”) at approximately 

  
 -4- 

 
11:00 a.m., Brussels time, on such Interest Determination Date to prime banks in the euro-zone interbank market having a maturity of three months, and in a principal amount equal to an amount of
not less than €1,000,000 that is representative for a single transaction in such market at such time. The Company will request the principal euro-zone office of each of such Reference Banks to provide a quotation of its rate. If at least two
such quotations are provided, the Applicable EURIBOR Rate on such Interest Determination Date will be the arithmetic mean (rounded upwards) of such quotations. If fewer than two quotations are provided, the Applicable EURIBOR Rate on such Interest
Determination Date will be the arithmetic mean (rounded upwards) of the rates quoted by three major banks in the euro-zone selected by the Company at approximately 11:00 a.m., Brussels time, on such Interest Determination Date for loans in euro to
leading European banks, having a maturity of three months, and in a principal amount equal to an amount of not less than €1,000,000 that is representative for a single transaction in such market at such time; provided, however, that if the
banks so selected as aforesaid by the Company are not quoting as mentioned in this sentence, the relevant Floating Interest Rate for the Floating Rate Interest Period commencing on the Floating Rate Interest Reset Date following such Interest
Determination Date will be the Floating Interest Rate in effect on such Interest Determination Date (i.e., the same as the rate determined for the immediately preceding Floating Rate Interest Reset Date). 

Section 205 Authorized Denominations. The Floating Rate Notes shall be issuable in denominations of €100,000 and integral
multiples of €1,000 in excess thereof. 
 Section 206 Redemption. The Floating Rate Notes are only subject to redemption as
described in Section 704 hereof. 
 Section 207 Appointment of Agents. The Trustee will initially be the Security Registrar
for the Floating Rate Notes and will act as such only at its corporate trust offices in the Borough of Manhattan, City of New York. The Calculation Agent for the Floating Rate Notes will initially be The Bank of New York Mellon, London Branch. The
Paying Agent for the Floating Rate Notes will initially be The Bank of New York Mellon, London Branch, as set forth in Section 1101. 

Section 208 Issuance in Euros. Principal, premium, if any, and interest payments and additional amounts, if any, in respect of the
Floating Rate Notes will be payable in euros. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control or the euro is no longer used by the then member states of the European
Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions within the international banking community, then all payments in respect of the Floating Rate Notes will be made in U.S. dollars
until the euro is again available to the Company or so used. In such circumstances, the amount payable on any date in euros will be converted to U.S. dollars on the basis of the most recently available market exchange rate for euros, as determined
by the Company in its sole discretion. Any payment in respect of the Floating Rate Notes so made in U.S. dollars will not constitute an Event of Default. Neither the Trustee nor the Paying Agent will be responsible for obtaining exchange rates,
effecting conversions or otherwise handling redenominations. 

  
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 ARTICLE THREE 

GENERAL TERMS AND CONDITIONS OF THE 2020 NOTES 

Section 301 Designation and Principal Amount. There is hereby authorized and established a series of Securities under the
Indenture, designated as the “0.000% Notes due 2020”, which is not limited in aggregate principal amount. The aggregate principal amount of the 2020 Notes to be issued on the date hereof is set forth in Article Nine herein. 

Section 302 Maturity. The Stated Maturity of principal of the 2020 Notes is March 6, 2020. 

Section 303 Further Issues. The Company may from time to time, without the consent of the Holders of the 2020 Notes, issue
additional 2020 Notes. Any such additional 2020 Notes will have the same ranking, interest rate, maturity date and other terms as the 2020 Notes herein provided for. Any such additional 2020 Notes, together with the 2020 Notes herein provided for,
will constitute a single series of Securities under the Indenture. No additional 2020 Notes may be issued if an Event of Default has occurred and is continuing with respect to the 2020 Notes. The Company will not issue any additional 2020 Notes
intended to form a single series with the 2020 Notes herein provided for unless such additional 2020 Notes will be fungible with the 2020 Notes herein provided for, for U.S. federal income tax purposes. 

Section 304 Interest. The 2020 Notes will bear interest (computed on the basis of the actual number of days in the period for
which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the 2020 Notes, or from March 6, 2017, if no interest has been paid) from March 6, 2017 at the rate of 0.000%
per annum, payable annually in arrears; interest payable on each Interest Payment Date will include interest accrued from March 6, 2017, or from the most recent Interest Payment Date to which interest has been paid or duly provided for; the
Interest Payment Date on which such interest shall be payable is March 6 of each year, beginning on March 6, 2018; and the Regular Record Date for the interest payable on any Interest Payment Date is the close of business (in London) on
the 15th calendar day (whether or not a Business Day), as the case may be, immediately preceding the relevant Interest Payment Date. If any Interest Payment Date falls on a day that is not a
Business Day, the required payment on that day will be due on the next succeeding Business Day as if made on the date the payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date to the
date of payment on the next succeeding Business Day. 
 Section 305 Authorized Denominations. The 2020 Notes shall be issuable
in denominations of €100,000 and integral multiples of €1,000 in excess thereof. 
 Section 306 Redemption. The 2020
Notes are subject to redemption at the option of the Company as described in Article Seven hereof. 

  
 -6- 

 Section 307 Appointment of Agents. The Trustee will initially be the Security
Registrar for the 2020 Notes and will act as such only at its corporate trust offices in the Borough of Manhattan, City of New York. The Calculation Agent for the 2020 Notes will initially be The Bank of New York Mellon, London Branch. The Paying
Agent for the 2020 Notes will initially be The Bank of New York Mellon, London Branch, as set forth in Section 1101. 

Section 308 Issuance in Euros. Principal, premium, if any, and interest payments and additional amounts, if any, in respect of the
2020 Notes will be payable in euros. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control or the euro is no longer used by the then member states of the European Monetary
Union that have adopted the euro as their currency or for the settlement of transactions by public institutions within the international banking community, then all payments in respect of the 2020 Notes will be made in U.S. dollars until the euro is
again available to the Company or so used. In such circumstances, the amount payable on any date in euros will be converted to U.S. dollars on the basis of the most recently available market exchange rate for euros, as determined by the Company in
its sole discretion. Any payment in respect of the 2020 Notes so made in U.S. dollars will not constitute an Event of Default. Neither the Trustee nor the Paying Agent will be responsible for obtaining exchange rates, effecting conversions or
otherwise handling redenominations. 
 ARTICLE FOUR 

GENERAL TERMS AND CONDITIONS OF THE 2022 NOTES 

Section 401 Designation and Principal Amount. There is hereby authorized and established a series of Securities under the
Indenture, designated as the “0.250% Notes due 2022”, which is not limited in aggregate principal amount. The aggregate principal amount of the 2022 Notes to be issued on the date hereof is set forth in Article Nine herein. 

Section 402 Maturity. The Stated Maturity of principal of the 2022 Notes is March 6, 2022. 

Section 403 Further Issues. The Company may from time to time, without the consent of the Holders of the 2022 Notes, issue
additional 2022 Notes. Any such additional 2022 Notes will have the same ranking, interest rate, maturity date and other terms as the 2022 Notes herein provided for. Any such additional 2022 Notes, together with the 2022 Notes herein provided for,
will constitute a single series of Securities under the Indenture. No additional 2022 Notes may be issued if an Event of Default has occurred and is continuing with respect to the 2022 Notes. The Company will not issue any additional 2022 Notes
intended to form a single series with the 2022 Notes herein provided for unless such additional 2022 Notes will be fungible with the 2022 Notes herein provided for, for U.S. federal income tax purposes. 

  
 -7- 

 Section 404 Interest. The 2022 Notes will bear interest (computed on the basis of the
actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the 2022 Notes, or from March 6, 2017, if no interest has been paid) from
March 6, 2017 at the rate of 0.250% per annum, payable annually in arrears; interest payable on each Interest Payment Date will include interest accrued from March 6, 2017, or from the most recent Interest Payment Date to which interest
has been paid or duly provided for; the Interest Payment Date on which such interest shall be payable is March 6 of each year, beginning on March 6, 2018; and the Regular Record Date for the interest payable on any Interest Payment Date is
the close of business (in London) on the 15th calendar day (whether or not a Business Day), as the case may be, immediately preceding the relevant Interest Payment Date. If any Interest Payment
Date falls on a day that is not a Business Day, the required payment on that day will be due on the next succeeding Business Day as if made on the date the payment was due, and no interest will accrue on that payment for the period from and after
that Interest Payment Date to the date of payment on the next succeeding Business Day. 
 Section 405 Authorized Denominations.
The 2022 Notes shall be issuable in denominations of €100,000 and integral multiples of €1,000 in excess thereof. 

Section 406 Redemption. The 2022 Notes are subject to redemption at the option of the Company as described in Article Seven
hereof. 
 Section 407 Appointment of Agents. The Trustee will initially be the Security Registrar for the 2022 Notes and will
act as such only at its corporate trust offices in the Borough of Manhattan, City of New York. The Calculation Agent for the 2022 Notes will initially be The Bank of New York Mellon, London Branch. The Paying Agent for the 2022 Notes will initially
be The Bank of New York Mellon, London Branch, as set forth in Section 1101. 
 Section 408 Issuance in Euros. Principal,
premium, if any, and interest payments and additional amounts, if any, in respect of the 2022 Notes will be payable in euros. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its
control or the euro is no longer used by the then member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions within the international banking community, then
all payments in respect of the 2022 Notes will be made in U.S. dollars until the euro is again available to the Company or so used. In such circumstances, the amount payable on any date in euros will be converted to U.S. dollars on the basis of the
most recently available market exchange rate for euros, as determined by the Company in its sole discretion. Any payment in respect of the 2022 Notes so made in U.S. dollars will not constitute an Event of Default. Neither the Trustee nor the Paying
Agent will be responsible for obtaining exchange rates, effecting conversions or otherwise handling redenominations. 

  
 -8- 

 ARTICLE FIVE 

GENERAL TERMS AND CONDITIONS OF THE 2027 NOTES 

Section 501 Designation and Principal Amount. There is hereby authorized and established a series of Securities under the
Indenture, designated as the “1.000% Notes due 2027”, which is not limited in aggregate principal amount. The aggregate principal amount of the 2027 Notes to be issued on the date hereof is set forth in Article Nine herein. 

Section 502 Maturity. The Stated Maturity of principal of the 2027 Notes is March 6, 2027. 

Section 503 Further Issues. The Company may from time to time, without the consent of the Holders of the 2027 Notes, issue
additional 2027 Notes. Any such additional 2027 Notes will have the same ranking, interest rate, maturity date and other terms as the 2027 Notes herein provided for. Any such additional 2027 Notes, together with the 2027 Notes herein provided for,
will constitute a single series of Securities under the Indenture. No additional 2027 Notes may be issued if an Event of Default has occurred and is continuing with respect to the 2027 Notes. The Company will not issue any additional 2027 Notes
intended to form a single series with the 2027 Notes herein provided for unless such additional 2027 Notes will be fungible with the 2027 Notes herein provided for, for U.S. federal income tax purposes. 

Section 504 Interest. The 2027 Notes will bear interest (computed on the basis of the actual number of days in the period for
which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the 2027 Notes, or from March 6, 2017, if no interest has been paid) from March 6, 2017 at the rate of 1.000%
per annum, payable annually in arrears; interest payable on each Interest Payment Date will include interest accrued from March 6, 2017, or from the most recent Interest Payment Date to which interest has been paid or duly provided for; the
Interest Payment Date on which such interest shall be payable is March 6 of each year, beginning on March 6, 2018; and the Regular Record Date for the interest payable on any Interest Payment Date is the close of business (in London) on
the 15th calendar day (whether or not a Business Day), as the case may be, immediately preceding the relevant Interest Payment Date. If any Interest Payment Date falls on a day that is not a
Business Day, the required payment on that day will be due on the next succeeding Business Day as if made on the date the payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date to the
date of payment on the next succeeding Business Day. 
 Section 505 Authorized Denominations. The 2027 Notes shall be issuable
in denominations of €100,000 and integral multiples of €1,000 in excess thereof. 
 Section 506 Redemption. The 2027
Notes are subject to redemption at the option of the Company as described in Article Seven hereof. 

  
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 Section 507 Appointment of Agents. The Trustee will initially be the Security
Registrar for the 2027 Notes and will act as such only at its corporate trust offices in the Borough of Manhattan, City of New York. The Calculation Agent for the 2027 Notes will initially be The Bank of New York Mellon, London Branch. The Paying
Agent for the 2027 Notes will initially be The Bank of New York Mellon, London Branch, as set forth in Section 1101. 

Section 508 Issuance in Euros. Principal, premium, if any, and interest payments and additional amounts, if any, in respect of the
2027 Notes will be payable in euros. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control or the euro is no longer used by the then member states of the European Monetary
Union that have adopted the euro as their currency or for the settlement of transactions by public institutions within the international banking community, then all payments in respect of the 2027 Notes will be made in U.S. dollars until the euro is
again available to the Company or so used. In such circumstances, the amount payable on any date in euros will be converted to U.S. dollars on the basis of the most recently available market exchange rate for euros, as determined by the Company in
its sole discretion. Any payment in respect of the 2027 Notes so made in U.S. dollars will not constitute an Event of Default. Neither the Trustee nor the Paying Agent will be responsible for obtaining exchange rates, effecting conversions or
otherwise handling redenominations. 
 ARTICLE SIX 

BOOK-ENTRY PROVISIONS FOR GLOBAL SECURITIES 

Section 601 Book-entry Provisions for Global Securities. 

(a) The Global Securities representing the Notes shall be deposited with, or on behalf of, The Bank of New York Mellon, London Branch,
(together with any successors, the “Depositary”), a common depository for Euroclear Bank S.A./N.V. as operator of the Euroclear system or any successor clearing agency (“Euroclear”), and Clearstream Banking S.A., as currently in
effect or any successor securities clearing agency (“Clearstream”), and registered in the name of such common depository or its nominee for the accounts of Euroclear and Clearstream, duly executed by the Company and authenticated by the
Trustee as provided in Section 303 and the Indenture. Each such Global Security shall constitute a single Security for all purposes of the Indenture. 

(b) Notwithstanding any other provision in the Indenture, no Global Security may be exchanged in whole or in part for Notes registered, and no
transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depository for such Global Security or a nominee thereof unless (A) such Depository (1) has notified the Company that it is
unwilling or unable to continue as Depository for such Global Security and no successor Depository has been 

  
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appointed within 90 days after such notice or (2) ceases to be a “clearing agency” registered under Section 17A of the Exchange Act when the Depositary is required to be so
registered to act as the Depositary and so notifies the Company, and no successor Depositary has been appointed within 90 days after such notice, (B) the Company determines at any time that the Notes shall no longer be represented by Global
Securities and shall inform such Depositary of such determination and participants in such Depositary elect to withdraw their beneficial interests in the Notes from such Depositary, following notification by the Depositary of their right to do so,
or (C) such exchange is made upon request by or on behalf of the Depositary in accordance with customary procedures, following the request of a Holder seeking to exercise or enforce its rights under the Notes during the continuance of an Event
of Default. 
 (c) Subject to clause (b) above, any exchange of a Global Security for other Notes may be made in whole or in part, and
all Notes issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct in writing to the Trustee. 

(d) Every Note authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security or any
portion thereof shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Note is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof. 

(e) Subject to the provisions of clause (g) below, the registered Holder may grant proxies and otherwise authorize any Person, including
Agent Members (as defined below in clause (g)) and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under the Indenture or the Notes. 

(f) In the event of the occurrence of any of the events specified in clause (b) above, the Company will promptly make available to the
Trustee a reasonable supply of certificated Notes in definitive, fully registered form, without interest coupons. 
 (g) Neither any members
of, or participants in, the Depositary (collectively, the “Agent Members”) nor any other Persons on whose behalf Agent Members may act shall have any rights under the Indenture with respect to any Global Security registered in the name of
the Depositary or any nominee thereof, or under any such Global Security, and the Depositary or such nominee, as the case may be, may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and Holder
of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company or the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other
authorization furnished by the Depositary or such nominee, as the case may be, or impair, as between the Depositary, its Agent Members and any other Person on whose behalf an Agent Member may act, the operation of customary practices of such Persons
governing the exercise of the rights of a Holder of any Note. 

  
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 ARTICLE SEVEN 

OPTIONAL REDEMPTION OF FIXED RATE NOTES; REDEMPTION FOR TAX REASONS; NO SINKING FUND 

Section 701 Optional Redemption of the Fixed Rate Notes by Company. 

(a) At the Company’s option, the 2020 Notes may be redeemed, in whole, at any time, or in part, from time to time prior to
February 6, 2020 (each a “2020 Redemption Date”) at a redemption price (the “2020 Redemption Price”) equal to the greater of the following amounts: 

(i) 100% of the principal amount of the 2020 Notes being redeemed on the relevant 2020 Redemption Date, and 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2020 Notes being redeemed on the
applicable 2020 Redemption Date (not including the amount, if any, of accrued and unpaid interest to, but excluding, such 2020 Redemption Date) discounted to such 2020 Redemption Date on an annual basis at a rate equal to the sum of the Comparable
Government Bond Rate plus 15 basis points; 
 plus, in each of the cases of (a)(i) and (a)(ii) above, accrued and unpaid interest on the 2020 Notes
being redeemed to, but excluding, such 2020 Redemption Date. 
 (b) At the Company’s option, the 2022 Notes may be redeemed, in whole,
at any time, or in part, from time to time prior to February 6, 2022 (each a “2022 Redemption Date”) at a redemption price (the “2022 Redemption Price”) equal to the greater of the following amounts: 

(i) 100% of the principal amount of the 2022 Notes being redeemed on the relevant 2022 Redemption Date, and 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2022 Notes being redeemed on the
applicable 2022 Redemption Date (not including the amount, if any, of accrued and unpaid interest to, but excluding, such 2022 Redemption Date) discounted to such 2022 Redemption Date on an annual basis at a rate equal to the sum of the Comparable
Government Bond Rate plus 15 basis points; 
 plus, in each of the cases of (b)(i) and (b)(ii) above, accrued and unpaid interest on the 2022 Notes
being redeemed to, but excluding, such 2022 Redemption Date. 

  
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 (c) At the Company’s option, the 2027 Notes may be redeemed, in whole, at any time, or in
part, from time to time prior to December 6, 2026 (each a “2027 Redemption Date”) at a redemption price (the “2027 Redemption Price” and, collectively with the 2020 Redemption Price and the 2022 Redemption Price, the
“Redemption Prices”) equal to the greater of the following amounts: 
 (i) 100% of the principal amount of the 2027 Notes being
redeemed on the relevant 2027 Redemption Date, and 
 (ii) the sum of the present values of the remaining scheduled payments of principal
and interest on the 2027 Notes being redeemed on the applicable 2027 Redemption Date (not including the amount, if any, of accrued and unpaid interest to, but excluding, such 2027 Redemption Date) discounted to such 2027 Redemption Date on an annual
basis at a rate equal to the sum of the Comparable Government Bond Rate plus 15 basis points; 
 plus, in each of the cases of (c)(i) and (c)(ii)
above, accrued and unpaid interest on the 2027 Notes being redeemed to, but excluding, such 2027 Redemption Date. 
 (d) Notice of any
redemption of the Notes of any series shall be given in the manner and otherwise in accordance with the provisions of Section 1104 of the Indenture; provided, however, that notice of redemption shall be given by first-class mail,
postage prepaid, mailed not less than 10 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at his address appearing in the Security Register, and that any such notice in lieu of stating the applicable
Redemption Price, shall state the manner in which such Redemption Price shall be calculated. If the Company has given notice of redemption as provided in the Indenture and funds for the redemption of the Notes called for redemption have been made
available on the Redemption Date referred to in that notice, such Notes will cease to bear interest on such Redemption Date (unless the Company defaults in the payment of the applicable Redemption Price and accrued and unpaid interest). Any interest
accrued to such Redemption Date will be paid as specified in such notice. 
 (e) Notwithstanding anything in this Article Seven,
installments of interest on the applicable Fixed Rate Notes that are due and payable on the Interest Payment Date falling on or prior to a redemption date will be payable on the Interest Payment Date to the Holders of the applicable Fixed Rate Notes
as of the close of business (in London) on the relevant record date according to the applicable Fixed Rate Notes and the Indenture. The Redemption Prices will be calculated on the basis of a 365-day year or a 366-day year, as applicable, and the actual number of days elapsed. 
 (f) The following defined terms
used in this Article Seven shall, unless the context otherwise requires, have the meanings specified below. 
 “Comparable Government
Bond” means, in relation to any Comparable Government Bond Rate calculation, at the discretion of an Independent Investment Banker, a German government bond whose maturity is closest to the maturity of the Fixed Rate Notes to be redeemed, or if
such independent investment bank in its discretion determines that such similar bond is not in issue, such other German government bond as such Independent Investment Banker may, with the advice of three brokers of, and/or market makers in, German
government bonds selected by the Company, determine to be appropriate for determining the Comparable Government Bond Rate. 

  
 -13- 

 “Comparable Government Bond Rate” means the price, expressed as a percentage (rounded
to three decimal places, with 0.0005 being rounded upwards), at which the gross redemption yield on the Fixed Rate Notes to be redeemed, if they were to be purchased at such price on the third business day prior to the date fixed for redemption,
would be equal to the gross redemption yield on such business day of the Comparable Government Bond on the basis of the middle market price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such business day as determined
by an Independent Investment Banker. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by
the Company to act as the “Independent Investment Banker.” 
 “Reference Treasury Dealer” means each of Barclays Bank
PLC, BNP Paribas, Goldman, Sachs & Co. and J.P. Morgan Securities plc (or their respective affiliates that are Primary Treasury Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease to be a
broker or dealer of, and/or market maker in, German government bonds (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer. 

(g) At or prior to the time of giving of any notice of redemption to the Holders of any Notes to be redeemed, the Company shall deliver an
Officers’ Certificate to the Trustee setting forth the calculation of the Redemption Price or the manner in which the Redemption Price shall be calculated, as relevant, applicable to such redemption. The Trustee shall be under no duty to
inquire into, may conclusively presume the correctness of, and shall be fully protected in relying upon, the applicable Redemption Price as so calculated, or the manner in which such Redemption Price shall be calculated, as relevant, and set forth
in such Officers’ Certificate. 
 Section 702 Par Calls. Any time on or after February 6, 2020 with respect to the
2020 Notes, February 6, 2022 with respect to the 2022 Notes and December 6, 2026 with respect to the 2027 Notes, the Company may redeem the applicable series of Fixed Rate Notes, in whole or in part, at a redemption price equal to 100% of
the principal amount of the Fixed Rate Notes to be redeemed, plus in each case, accrued and unpaid interest on the Fixed Rate Notes being redeemed to, but excluding, such redemption date. 

Section 703 No Optional Redemption of the Floating Rate Notes. The Company may not redeem the Floating Rate Notes at its option
prior to maturity, other than as described under Section 704 below. 
 Section 704 Redemption for Tax Reasons. If, as a
result of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United States (or any taxing authority thereof or therein), or any change in, or amendments to, an official position regarding the
application or interpretation of such laws, regulations or rulings, which change or amendment is announced or becomes effective on or after February 28, 2017, the Company becomes or, based upon a written opinion of independent tax counsel of
recognized standing selected by the Company, will 

  
 -14- 

 
become obligated to pay additional amounts as described under Article Ten with respect to any series of the Notes, then the Company may at its option, having given not less than 10 nor more than
60 days prior notice to Holders, redeem, in whole, but not in part, the Notes of such series at a redemption price equal to 100% of the principal amount, together with accrued and unpaid interest (including any additional amounts) on such Notes to,
but excluding, the redemption date. 
 Section 705 No Sinking Fund. None of the Notes are entitled to the benefit of any sinking
fund. 
 ARTICLE EIGHT 

FORMS OF NOTES 

Section 801 Form of Floating Rate Note. The Floating Rate Notes and the Trustee’s Certificate of Authentication to be
endorsed thereon are to be substantially in the forms set forth in Exhibit A hereto. 
 Section 802 Form of 2020 Note. The 2020
Notes and the Trustee’s Certificate of Authentication to be endorsed thereon are to be substantially in the forms set forth in Exhibit B hereto. 

Section 803 Form of 2022 Note. The 2022 Notes and the Trustee’s Certificate of Authentication to be endorsed thereon are to
be substantially in the forms set forth in Exhibit C hereto. 
 Section 804 Form of 2027 Note. The 2027 Notes and the
Trustee’s Certificate of Authentication to be endorsed thereon are to be substantially in the forms set forth in Exhibit D hereto. 

ARTICLE NINE 
 ORIGINAL
ISSUE AMOUNT OF NOTES 
 Section 901 Original Issue Amount of the Floating Rate Notes. Floating Rate Notes in the aggregate
principal amount of €1,250,000,000 may, upon execution of this Ninth Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall, upon receipt of a Company Order, authenticate and
deliver said Floating Rate Notes as provided in said Company Order. 
 Section 902 Original Issue Amount of the 2020 Notes. 2020
Notes in the aggregate principal amount of €1,000,000,000 may, upon execution of this Ninth Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall, upon receipt of a Company
Order, authenticate and deliver said 2020 Notes as provided in said Company Order. 
 Section 903 Original Issue Amount of the 2022
Notes. 2022 Notes in the aggregate principal amount of €1,000,000,000 may, upon execution of this Ninth 

  
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Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall, upon receipt of a Company Order, authenticate and deliver said 2022
Notes as provided in said Company Order. 
 Section 904 Original Issue Amount of the 2027 Notes. 2027 Notes in the aggregate
principal amount of €750,000,000 may, upon execution of this Ninth Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall, upon receipt of a Company Order, authenticate and
deliver said 2027 Notes as provided in said Company Order. 
 ARTICLE TEN 

PAYMENT OF ADDITIONAL AMOUNTS 

Section 1001 Payment of Additional Amounts. All payments in respect of the Notes will be made by or on behalf of the
Company without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature, imposed or levied by the United States or any taxing authority thereof or therein, unless
such withholding or deduction is required by law. If such withholding or deduction is required by law, the Company will pay to a beneficial owner who is not a United States person such additional amounts on the Notes as are necessary in order that
the net payment of the principal of, and premium or redemption price, if any, and interest on, such Notes to such beneficial owner, after such withholding or deduction (including any withholding or deduction on such additional amounts), will not be
less than the amount provided in such Notes to be then due and payable; provided, however, that the foregoing obligation to pay additional amounts will not apply: 

(a) to any tax, assessment or other governmental charge that would not have been imposed but for the beneficial owner, or a fiduciary,
settlor, beneficiary, member or shareholder of the beneficial owner if the beneficial owner is an estate, trust, partnership or corporation, or a person holding a power over an estate or trust administered by a fiduciary holder, being considered as
(i) having a current or former connection with the United States (other than a connection arising solely as a result of the ownership of such Notes, the receipt of any payment or the enforcement of any rights thereunder), including being or
having been a citizen or resident of the United States, or being or having been engaged in a trade or business in the United States or having or having had a permanent establishment in the United States; (ii) being a controlled foreign
corporation related to the Company directly, indirectly or constructively through stock ownership for United States federal income tax purposes; (iii) being an owner of a 10% or greater interest in voting stock of the Company within the meaning
of Section 871(h)(3) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”) or any successor provision; or (iv) being a bank receiving payments on an extension of credit made pursuant to a loan agreement entered into in
the ordinary course of its trade or business; 
 (b) to any Holder that is not the sole beneficial owner of such Notes, or a portion of such
Notes, or that is a fiduciary, partnership or limited liability company, 

  
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but only to the extent that a beneficiary or settlor with respect to the fiduciary, a beneficial owner or a member of the partnership or limited liability company would not have been entitled to
the payment of an additional amount had the beneficiary, settlor, beneficial owner or member received directly from the Company its beneficial or distributive share of the payment; 

(c) to any tax, assessment or other governmental charge imposed by reason of the Holder’s or beneficial owner’s past or present
status as a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or a personal holding company with respect to the United States or as a corporation that accumulates earnings to avoid United States
federal income tax; 
 (d) to any tax, assessment or other governmental charge that would not have been imposed but for the failure of the
Holder or beneficial owner of the applicable Notes to comply with any applicable certification, identification or information reporting requirements concerning the nationality, residence, identity or connection with the United States of the Holder
or beneficial owner of such Notes, if compliance is timely requested by the Company and required by statute, by regulation of the United States or any taxing authority therein or by an applicable income tax treaty to which the United States is a
party as a precondition to exemption from such tax, assessment or other governmental charge; 
 (e) to any tax, assessment or other
governmental charge that is imposed otherwise than by withholding or deducting from the payment; 
 (f) to any estate, inheritance, gift,
sales, transfer, wealth, capital gains or personal property tax or similar tax, assessment or other governmental charge; 
 (g) to any tax,
assessment or other governmental charge required to be withheld by any paying agent from any payment of principal of or interest on any such Note, if such payment can be made without such withholding by at least one other paying agent in a Member
State of the European Union; 
 (h) to any tax, assessment or other governmental charge that is imposed or withheld solely by reason of a
change in law, regulation, or administrative or judicial interpretation that becomes effective more than 15 days after the payment becomes due or is duly provided for, whichever occurs later; 

(i) to any tax, assessment or other governmental charge that would not have been imposed but for the presentation by the Holder of any Note,
where presentation is required, for payment on a date more than 30 days after the date on which payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later, except to the extent that the Holder or
beneficial owner thereof would have been entitled to additional amounts had the Note been presented for payment on the last day of such 30 day period; 

(j) to any withholding or deduction that is imposed on a payment pursuant to Sections 1471 through 1474 of the Code and related Treasury
regulations and 

  
 -17- 

 
pronouncements or any successor provisions thereto (that are substantively comparable and not materially more onerous to comply with) and any regulations or official law, agreement or
interpretations thereof in any jurisdiction implementing an intergovernmental approach thereto (collectively, “FATCA”); or 
 (k)
in the case of any combination of the above listed items, 
 Section 1002 General. Except as specifically provided under this
Article Ten, the Company will not be required to make any payment for any tax, duty, assessment or governmental charge of whatever nature imposed by any government or a political subdivision or taxing authority of or in any government or political
subdivision. As used in this Ninth Supplemental Indenture, the term “United States” means the United States of America, any state thereof, and the District of Columbia, and the term “United States person” means (i) any
individual who is a citizen or resident of the United States for U.S. federal income tax purposes, (ii) a corporation, partnership or other entity created or organized in or under the laws of the United States, any state thereof or the District
of Columbia (other than a partnership that is not treated as a United States person for U.S. federal income tax purposes), (iii) any estate the income of which is subject to U.S. federal income taxation regardless of its source, or (iv) any
trust if a U.S. court can exercise primary supervision over the administration of the trust and one or more United States persons can control all substantial trust decisions, or if a valid election is in place to treat the trust as a United States
person. 
 ARTICLE ELEVEN 

PAYING AGENT 

Section 1101 Appointment of Paying Agent. The Company hereby appoints The Bank of New York Mellon, London Branch, at its office
specified in Section 1107 of this Ninth Supplemental Indenture as the paying agent solely in respect of the Notes upon the terms and conditions herein contained in this Article Eleven, and The Bank of New York Mellon, London Branch, accepts
such appointment. 
 Section 1102 Payment. 

(a) In order to provide for all payments due on the Notes as the same shall become due, the Company shall cause to be paid to the Paying
Agent, no later than 10:00 a.m. London time on the Business Day prior to the due date for the payment of each Note (or such other time and date as may be agreed in writing between the Company and the Paying Agent), at such bank as the Paying Agent
shall previously have notified to the Company, immediately available funds sufficient to meet all payments due on such Notes. 
 (b) The
Company hereby authorizes and directs the Paying Agent, from the amounts paid to it pursuant to this Section 1102, to make or cause to be made all payments on the Notes in accordance with the terms thereof. Such payments shall be made to the
Holder or Holders of Notes in accordance with the terms of the Notes, the 

  
 -18- 

 
provisions contained in this Article Eleven, and the procedures of Euroclear and Clearstream. All interest payments in respect of the Notes will be made by the Paying Agent on the relevant
Interest Payment Date (as set forth in the Notes) to the Holders in whose names the Notes are registered at the close of business (in London) on the record date specified in the Notes next preceding the interest payment date or such other date as is
provided in the Notes. So long as the Notes are represented by one or more global certificates and registered in the name of a nominee of a common depository for Euroclear and Clearstream, all interest payments on the Notes shall be made by the
Paying Agent by wire transfer of immediately available funds in euro to such Holder. 
 (c) The Paying Agent, to the extent sufficient funds
are available to it, will pay the principal amount of each Note and premium, if any, on the applicable Stated Maturity or upon any Redemption Date with respect thereto, together with accrued and unpaid interest due at the Stated Maturity or such
Redemption Date, if any, upon presentation and surrender of such Note on or after the Stated Maturity or Redemption Date thereof to the Paying Agent, or as specified in the Notes. 

(d) If for any reason the amounts received by the Paying Agent are insufficient to satisfy all claims in respect of all payments then due on
the Notes, the Paying Agent shall forthwith notify the Company, and the Paying Agent shall not be obliged to pay any such claims until the Paying Agent has received the full amount of the monies then due and payable in respect of such Notes. If,
however, the Paying Agent in its sole discretion shall make payment on the Notes at their Stated Maturity or redemption, or payments of interest or such other payments when otherwise due (it being understood that the Paying Agent shall have no
obligation whatsoever to make any such payment) and the amount which should have been received is not received on such date, the Company agrees forthwith on demand to pay, or procure the payment of, to the Paying Agent, in addition to the amount
which should have been paid hereunder, interest thereon from the day following the date when the amount unpaid should have been received under this Ninth Supplemental Indenture to the date when such amount is actually received (inclusive) at a rate
equal to the cost of the Paying Agent of funding such amount, as certified by the Paying Agent and expressed as a rate per annum. 
 (e) The
Paying Agent hereby agrees that: 
 (i) it will hold all sums held by it as Paying Agent for the payment of the principal of or premium, if
any, or interest on the Notes in trust for the benefit of the Holders of the Notes entitled thereto, or for the benefit of the Trustee, as the case may be, until such sums shall be paid out to such Holders or otherwise as provided in clause
(f) below and in the Indenture and the Notes; 
 (ii) it will promptly give the Trustee notice of: (x) a Company deposit for the
payment of principal of or premium, if any, or interest on the Notes, (y) any failure by the Company in the making of any deposit for the payment of principal of or premium, if any, or interest on the Notes that shall have become payable, and
(z) any default by the Company in making any payment of the principal of or premium, if any, or interest on the Notes where the same shall be due and payable as provided in the Notes; 

(iii) At any time after an Event of Default in respect of the Notes shall have occurred, the Paying Agent shall, if so required by notice in
writing given by the Trustee to the Paying Agent: (y) thereafter, until otherwise instructed by the Trustee, act as agent of the Trustee under the terms of the Indenture; and/or (z) deliver all Notes and all sums, documents and records
held by the Paying Agent in respect of the Notes to the Trustee or as the Trustee shall direct in such notice; provided that such notice shall be deemed not to apply to any document or record which the Paying Agent is obliged not to release by any
applicable law or regulation. 

  
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 (f) Notwithstanding the foregoing: 

(i) if any Note is presented or surrendered for payment to the Paying Agent and the Paying Agent has delivered a replacement therefor or has
been notified that the same has been replaced, the Paying Agent shall as soon as is reasonably practicable notify the Company in writing of such presentation or surrender and shall not make payment against the same until it is so instructed by the
Company and has received the amount to be so paid; and 
 (ii) the Paying Agent shall cancel each Note against surrender of which it has
made full payment and shall deliver each Note so cancelled by it to the Trustee. 
 (g) In no event, shall the Paying Agent be obliged to
make any payments hereunder if it has not received the full amount of any payment. 
 Section 1103 Indemnity. 

(a) The Company shall indemnify the Paying Agent against any and all loss, damage, claims, liability or demands arising out of or in
connection with this Ninth Supplemental Indenture, the Company’s issue of the Notes or liability in connection with the exercise or performance of any of its powers or duties hereunder, or in connection with enforcing the provisions of this
Section, except to the extent that such loss, damage, claim, liability or expense is due to the Paying Agent’s own gross negligence or willful misconduct. 

(b) The provisions of this Section shall survive the satisfaction and discharge of this Ninth Supplemental Indenture and the Notes, the
termination for any reason of this Indenture, and the resignation or removal of the Trustee. 
 Section 1104 General. 

(a) In acting under this Article Eleven, the Paying Agent shall not be under any fiduciary duty towards any person, be responsible for or
liable in respect of the authorization, validity or legality of any Note amount paid by it hereunder (except to the extent that any such liability is determined by a court of competent jurisdiction to have resulted from the Paying Agent’s gross
negligence or willful misconduct), be under any obligation towards any person other than the Trustee and Company or assume any relationship of agency or trust for or with any Holder. 

  
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 (b) The Paying Agent shall be entitled to treat the registered Holder of any Note as the absolute
owner of such Note for all purposes and make payments thereon accordingly. 
 (c) The Paying Agent may exercise any of its rights or duties
hereunder by or through agents or attorneys, and shall not be responsible for any misconduct thereof, provided such agent or attorney has been appointed with due care. 

(d) The Paying Agent shall not exercise any lien, right of set-off or similar claim against any Holder
of a Note in respect of moneys payable by it under this Article Eleven; however, should the Paying Agent elect to make a payment pursuant to Section 1102(d), it shall be entitled to appropriate for its own account out of the funds received by
it under Section 1102 an amount equal to the amount so paid by it. 
 (e) The Paying Agent may (at the reasonable and documented
expense of the Company) consult, on any matter concerning its duties hereunder, any legal adviser or other expert selected by it with due care and, with respect to the selection of other experts, in consultation with the Company, and the Paying
Agent shall not be liable in respect of anything done, or omitted to be done in good faith in accordance with that adviser’s opinion. At any time, the Paying Agent may apply to any duly authorized representative of the Company for a written
instruction, and shall not be liable for an action lawfully taken or omitted to be taken in accordance with such instruction. 
 (f) The
Paying Agent may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other
evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. 

(g) The Paying Agent shall be obliged to perform only such duties as are specifically set forth herein and in the Notes, and no implied duties
or obligations shall be read into this Article Eleven or the Notes against the Paying Agent. 
 (h) The Paying Agent shall not be liable to
account to the Company for any interest or other amounts in respect of funds received by it from the Company. Money held by the Paying Agent need not be segregated except as required by law. 

(i) No section of this Article Eleven or the Notes shall require the Paying Agent to risk or expend its own funds, or to take any action which
in its reasonable judgment would result in any expense or liability accruing to it. 
 (j) In no event will the Paying Agent be responsible
or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, acts of war or terrorism,
civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, severe loss or severe malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Paying
Agent will use best reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

  
 -21- 

 (k) The Paying Agent shall have no duty to inquire as to the performance of the covenants of the
Company, nor shall it be charged with knowledge of any default or Event of Default under the Indenture. 
 (l) Notwithstanding any section
of this Article Eleven to the contrary, the Paying Agent will not in any event be liable for special, punitive or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Paying Agent has been
advised of the likelihood of such loss or damage and regardless of the form of action. 
 (m) The Paying Agent, its officers, directors,
employees and shareholders may become the owners of, or acquire any interest in, the Notes, with the same rights that it or they would have if it were not the Paying Agent, and may engage or be interested in any financial or other transaction with
the Company as freely as if it were not the Paying Agent. 
 (n) The Paying Agent shall retain the right not to act and shall not be held
liable for refusing to act unless it has received clear payment instructions from the Company in form satisfactory to the Paying Agent. 

(o) The Company will supply the Paying Agent with the names, specimen signatures and direct dial phone numbers of its authorized persons as
soon as practicable after the date hereof. 
 Section 1105 Change of Paying Agent. 

(a) Any time, other than on a day during the forty-five (45) day period preceding any payment date for the Notes, the Paying Agent may
resign by giving at least forty-five (45) days’ prior written notice to the Company; and the Paying Agent’s agency shall be terminated and its duties shall cease upon expiration of such forty-five (45) days or such lesser period
of time as shall be mutually agreeable to the Paying Agent and the Company. At any time, following at least forty-five (45) days’ prior written notice (or such lesser period of time as shall be mutually agreeable to the Paying Agent and
the Company) from the Company, the Paying Agent may be removed from its agency. Such removal shall become effective upon the expiration of the forty-five (45) day or agreed lesser time period (provided that any such removal shall be immediate
in case the Paying Agent shall be adjudicated bankrupt or insolvent), and upon payment to the Paying Agent of all amounts payable to it in connection with its agency. In such event, following payment in full of its fees and expenses, the Paying
Agent shall deliver to the Company, or to the Company’s designated representative, all Notes (if any) and cash (if any) belonging to the Company and, at the Company’s reasonable expense, shall furnish to the Company, or to the
Company’s designated representative, such information regarding the status of the Company’s outstanding Notes reasonably requested by the Company. 

(b) Any Person into which a Paying Agent may be merged or consolidated or any Person resulting from any merger or consolidation to which such
Paying Agent is a party or any Person to which such Paying Agent shall sell or otherwise transfer all or substantially all of its corporate trust or agency assets shall on the date on which such merger, consolidation or transfer becomes effective,
become the successor to such Paying Agent under this Article Eleven without the execution or filing of any paper or any further act on the part of the parties hereto; provided that such Person provides the information required by Section 1108
of this Article Eleven. 

  
 -22- 

 Section 1106 Compensation, Fees and Expenses. 

(a) The Company will pay to the Paying Agent the compensation, fees and expenses in respect of the Paying Agent’s services as separately
agreed in writing with the Paying Agent. 
 (b) The Company will also pay all reasonable documented out-of-pocket expenses (including reasonable legal expenses) incurred by the Paying Agent in connection with its services hereunder, together with any applicable value added tax and stamp, issue, or other
documentary taxes and duties. 
 Section 1107 Notices. 

(a) Each notice or communication under this Article Eleven shall be made in writing, by fax or otherwise in accordance with this
Section 1107. Each communication or document to be delivered to any party under this Article Eleven shall be sent to that party at the fax number or address, and marked for the attention of the person (if any), from time to time designated by
that party to the Paying Agent (or, in the case of the Paying Agent, by it to each other party) for the purpose of this Article Eleven. The initial telephone number, fax number, address and person so designated are: 

in the case of the Company, at: 

Pfizer Inc. 
 235 East 42nd 

Street, New York, NY 10017 

Attention: Secretary 
 Tel no:
(212) 733-2323 
 Fax no: (212) 733-1133 

in the case of the Paying Agent, to it at: 

The Bank of New York Mellon, London Branch 

One Canada Square, London El4 5AL 

Attention: Corporate Trust Administration 

Tel no: +44 (0) 207 964 5028 
 Fax
no: +44 (0) 207 964 2536 

  
 -23- 

 With a copy to: 

The Bank of New York Mellon 
 101
Barclay Street, Floor 7-East 
 New York, NY 10286 

Attention: Corporate Trust 
 Fax
no: +1-212-815-5595 

(b) All notices under this Article Eleven shall be effective upon actual receipt by the Paying Agent at its address listed in this
Section 1107. 
 Section 1108 FATCA. In order to assist the Trustee and any Paying Agent with their compliance with FATCA,
the Company agrees (i) to provide the Trustee and any Paying Agent reasonably available information collected and stored in the Company’s ordinary course of business regarding Holders of the Notes (solely in their capacity as such) and
that is necessary for the Trustee’s and any Paying Agent’s determination of whether it has tax related obligations under FATCA and (ii) that the Trustee and any Paying Agent shall be entitled to make any withholding or deduction from
payments under this Ninth Supplemental Indenture and the Notes to the extent necessary to comply with FATCA. Nothing in the immediately preceding sentence shall be construed as obligating the Company to make any payment of additional amounts or
other “gross up” payment or similar reimbursement in connection with a payment in respect of which amounts are so withheld or deducted. 

ARTICLE TWELVE 

MISCELLANEOUS 

Section 1201 Ratification of Indenture. The Indenture, as supplemented by this Ninth Supplemental Indenture, is in all respects
ratified and confirmed, and this Ninth Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 

Section 1202 Trustee Not Responsible for Recitals. The recitals and statements herein contained are made by the Company and not by
the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Ninth Supplemental Indenture. 

Section 1203 Governing Law. This Ninth Supplemental Indenture and each Note shall be governed by and construed in accordance with
the laws of the State of New York. 
 Section 1204 Separability. In case any one or more of the provisions contained in this
Ninth Supplemental Indenture or in the Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Ninth Supplemental
Indenture or of the Notes, but this Ninth Supplemental Indenture and the Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

  
 -24- 

 Section 1205 Counterparts. This Ninth Supplemental Indenture may be executed in any
number of counterparts each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Ninth Supplemental Indenture and of signature pages by facsimile or
electronic format (i.e., “pdf” or “tif”) transmission shall constitute effective execution and delivery of this Ninth Supplemental Indenture as to the parties hereto and may be used in lieu of the original Ninth
Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or electronic format (i.e., “pdf” or “tif”) shall be deemed to be their original signatures for all purposes. 

Section 1206 Trust Indenture Act. This Ninth Supplemental Indenture is subject to the provisions of the Trust Indenture Act that
are required to be part of the Indenture and shall, to the extent applicable, be governed by such provisions. If any provision in this Ninth Supplemental Indenture limits, qualifies or conflicts with another provision of hereof which is required to
be included herein by any provisions of the Trust Indenture Act, such required provision shall control. 

  
 -25- 

 IN WITNESS WHEREOF, the parties hereto have caused this Ninth Supplemental Indenture to be duly executed, all as
of the day and year first above written. 
  

			
	PFIZER INC.
		
	By:	 	 /s/ Brian Byala

		 	Name: Brian Byala
		 	Title:   Senior Vice President and Treasurer
	
	THE BANK OF NEW YORK MELLON, as Trustee
		
	By:	 	 /s/ Francine Kincaid

		 	Name: Francine Kincaid
		 	Title:  Vice President
	
	THE BANK OF NEW YORK MELLON, LONDON BRANCH, as Paying Agent and Calculation Agent
		
	By:	 	 /s/ Catherine F. Donohue

		 	Name: Catherine F. Donohue
		 	Title:  Vice President

 [Signature Page to Ninth Supplemental Indenture] 

 EXHIBIT A 

FORM OF FLOATING RATE NOTE 
 THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO
TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK, S.A./N.V., AS OPERATOR OF THE EUROCLEAR SYSTEM
(“EUROCLEAR”) AND CLEARSTREAM BANKING S.A. (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR, “EUROCLEAR/CLEARSTREAM”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO THE BANK OF NEW YORK DEPOSITORY
(NOMINEES) LIMITED OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, HAS AN INTEREST HEREIN. 
 PFIZER INC. 

FLOATING RATE NOTES DUE 2019 

Common Code/ISIN/CUSIP No.: 717081 EE9 / XS1574156540 / 157415654 

No. [●] 
 Pfizer Inc., a corporation duly
organized and existing under the laws of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to The Bank Of New York
Depository (Nominees) Limited or registered assigns, the principal sum of [●] EUROS (€[●]) on March 6, 2019, and to pay interest thereon from March 6, 2017 or from the most recent Interest Payment Date to which interest
has been paid or duly provided for, quarterly in arrears, on March 6, June 6, September 6 and December 6 in each year, beginning June 6, 2017 at a rate per annum provided below, until the principal hereof is paid or made
available for payment. 
 The per annum interest rate on the Securities in effect for each day of a Floating Rate Interest Period (as
defined below) will be equal to the Applicable EURIBOR Rate (as defined below) plus 20 basis points (0.200%) (the “Floating Interest Rate”), provided, however, that in no event shall such interest rate be less than zero. The Floating
Interest Rate for each Floating Rate Interest Period will be set on March 6, June 6, September 6 and December 6 of each year and will be set for the initial Floating Rate Interest Period on March 6, 2017 (each such date, a
“Floating Rate Interest Reset Date”) until the principal on the Securities is paid or made available for payment (the “Floating Rate Principal Payment Date”). 

The amount of interest for each day that the Securities are outstanding (the “Daily Interest Amount”) will be calculated by dividing
the Floating Interest Rate in effect for such day by 360 and multiplying the result by the principal amount of the Securities. The amount of interest to be paid on the Securities for any Floating Rate Interest Period will be calculated by adding the
Daily Interest Amounts for each day in such Floating Rate Interest Period. 

  
 A-1 

 The Floating Interest Rate and amount of interest to be paid on the Securities for each Floating
Rate Interest Period will be determined by the Calculation Agent (as defined below). The Calculation Agent will, upon the request of any Holder of the Securities, provide the interest rate at the time of the last Interest Payment Date with respect
to the Securities. All calculations made by the Calculation Agent shall in the absence of manifest error be conclusive for all purposes and binding on the Company and the Holders of the Securities. So long as the Applicable EURIBOR Rate is required
to be determined with respect to the Securities, there will at all times be a Calculation Agent. In the event that any then acting Calculation Agent shall be unable or unwilling to act, or that such Calculation Agent shall fail duly to establish the
Applicable EURIBOR Rate for any Interest Period, or that the Company proposes to remove such Calculation Agent, the Company shall appoint itself or another person which is a bank, trust company, investment banking firm or other financial institution
to act as the Calculation Agent. 
 If any Floating Rate Interest Reset Date and Interest Payment Date would otherwise be a day that is not
a EURIBOR Business Day, such Floating Rate Interest Reset Date and Interest Payment Date shall be the next succeeding EURIBOR Business Day, unless the next succeeding EURIBOR Business Day is in the next succeeding calendar month, in which case such
Floating Rate Interest Reset Date and Interest Payment Date shall be the immediately preceding EURIBOR Business Day. 
 “EURIBOR
Business Day” means any day that is not a Saturday or Sunday and that, in the City of New York or the City of London, is not a day on which banking institutions are generally authorized or obligated by law to close, and is a day on which the
TARGET System, or any successor thereto, operates. 
 “Floating Rate Interest Period” shall mean the period from and including a
Floating Rate Interest Reset Date to but excluding the next succeeding Floating Rate Interest Reset Date and, in the case of the last such period, from and including the Floating Rate Interest Reset Date immediately preceding the Floating Rate
Principal Payment Date to but not including such Floating Rate Principal Payment Date. If the Floating Rate Principal Payment Date is not a EURIBOR Business Day, then the principal amount of the Securities plus accrued and unpaid interest thereon
shall be paid on the next succeeding EURIBOR Business Day and no interest shall accrue for the Floating Rate Principal Payment Date or any day thereafter. 

The “Applicable EURIBOR Rate” shall mean the rate determined in accordance with the following provisions: 

(1) Two prior TARGET days on which dealings in deposits in euros are transacted in the euro-zone interbank market preceding each Floating Rate
Interest Reset Date (each such date, an “Interest Determination Date”), The Bank of New York Mellon, London Branch (the “Calculation Agent”), as agent for the Company, will determine the Applicable EURIBOR Rate which shall be the
rate for deposits in euro having a maturity of three months commencing on the first day of the applicable Floating Rate Interest Period that appears on the Reuters Screen EURIBOR01 Page as of 11:00 a.m., Brussels time, on such Interest Determination
Date. “Reuters Screen EURIBOR01 Page” means the display designated on page “EURIBOR01” on Reuters (or such other page as may replace the EURIBOR01 page on that service or any successor service for the purpose of displaying
euro-zone interbank offered rates for euro-denominated deposits of major banks). If the Applicable EURIBOR Rate on such Interest Determination Date does not appear on the Reuters Screen EURIBOR01 Page, the Applicable EURIBOR Rate will be determined
as described in (2) below. 
 (2) With respect to an Interest Determination Date for which the Applicable EURIBOR Rate does not appear
on the Reuters Screen EURIBOR01 Page as specified in (1) above, the Applicable EURIBOR Rate will be determined on the basis of the rates at which deposits in euro are offered by four major banks in the euro-zone interbank market selected by the
Company (the “Reference Banks”) at approximately 11:00 a.m., Brussels time, on such Interest Determination Date to prime banks in the euro-zone interbank market having a maturity of three months, and in a principal amount equal to an
amount of not less than €1,000,000 that is representative for a single transaction in such market at such time. The Company will 

  
 A-2 

 
request the principal euro-zone office of each of such Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the Applicable EURIBOR Rate on such
Interest Determination Date will be the arithmetic mean (rounded upwards) of such quotations. If fewer than two quotations are provided, the Applicable EURIBOR Rate on such Interest Determination Date will be the arithmetic mean (rounded upwards) of
the rates quoted by three major banks in the euro-zone selected by the Company at approximately 11:00 a.m., Brussels time, on such Interest Determination Date for loans in euro to leading European banks, having a maturity of three months, and in a
principal amount equal to an amount of not less than €1,000,000 that is representative for a single transaction in such market at such time; provided, however, that if the banks so selected as aforesaid by the Company are not quoting as
mentioned in this sentence, the relevant Floating Interest Rate for the Floating Rate Interest Period commencing on the Floating Rate Interest Reset Date following such Interest Determination Date will be the Floating Interest Rate in effect on such
Interest Determination Date (i.e., the same as the rate determined for the immediately preceding Floating Rate Interest Reset Date). 
 The
interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest, which shall be the close of business (in London) on the 15th calendar day (whether or not a Business Day) immediately preceding such Interest
Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business (in London) on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10
days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required
by such exchange, all as more fully provided in said Indenture. 
 Payment of the principal of (and premium, if any) and interest on this
Security will be made at the office or agency maintained for that purpose in London (initially the corporate trust office of the paying agent) or, at the Company’s option, by check mailed to the Holders thereof at the respective addresses set
forth in the register of Holders of the Notes (maintained by the registrar). No service charge will be made for any registration of transfer, but payment of a sum sufficient to cover any tax or governmental charge payable in connection with such
registration may be required. 
 All payments of principal, premium, if any, and interest in respect of this Security will be made by the
Company in immediately available funds. 
 Reference is hereby made to the further provisions of this Security 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 the Trustee referred to on the reverse hereof by manual signature of one of its authorized signatories, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for
any purpose. 

  
 A-3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal. 
  

									
		 		 		 	PFIZER INC.
				
	Dated:	 		 		 	
					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:
					
	Attest:	 	  
	 		 		 	
		 	Name:	 		 		 	
		 	Title:	 		 		 	
					
	Dated:	 		 		 		 	
					
		 		 		 		 	
		 		 		 	 CERTIFICATE OF AUTHENTICATION
 This
is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

				
		 		 		 	The Bank of New York Mellon, as Trustee
					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:

  
 A-4 

 [Reverse of Security] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of January 30, 2001 as supplemented by the ninth supplemental indenture dated as of March 6, 2017 (herein called the “Indenture”, which then shall have the meaning assigned to
it in such instrument) between the Company and The Bank of New York Mellon, formerly known as The Bank of New York, as successor to JPMorgan Chase Bank, formerly known as The Chase Manhattan Bank, as Trustee (herein called the “Trustee”,
which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the
Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. Capitalized terms used herein but not defined herein have the meanings ascribed to such terms in the Indenture. This Security is
one of the series designated on the face hereof initially limited in aggregate principal amount to €1,250,000,000. 
 Principal,
premium, if any, and interest payments and additional amounts, if any, in respect of the Securities will be payable in euros. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its
control or the euro is no longer used by the then member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions within the international banking community, then
all payments in respect of the Securities will be made in U.S. dollars until the euro is again available to the Company or so used. In such circumstances, the amount payable on any date in euros will be converted to U.S. dollars on the basis of the
most recently available market exchange rate for euros, as determined by the Company in its sole discretion. Any payment in respect of the Securities so made in U.S. dollars will not constitute an Event of Default. Neither the Trustee nor the Paying
Agent will be responsible for obtaining exchange rates, effecting conversions or otherwise handling redenominations. 
 If, as a result of
any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United States (or any taxing authority thereof or therein), or any change in, or amendments to, an official position regarding the application
or interpretation of such laws, regulations or rulings, which change or amendment is announced or becomes effective on or after February 28, 2017, the Company becomes or, based upon a written opinion of independent tax counsel of recognized
standing selected by the Company, will become obligated to pay additional amounts with respect to the Securities, then the Company may at its option, having given not less than 10 nor more than 60 days prior notice to Holders, redeem, in whole, but
not in part, the Securities at a redemption price equal to 100% of the principal amount, together with accrued and unpaid interest (including any additional amounts) on the Securities to, but excluding, the Redemption Date. 

Notice of any redemption of the Securities shall be given in the manner and otherwise in accordance with the provisions of Section 1104
of the Indenture; provided, however, that notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 10 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be
redeemed, at his address appearing in the Security Register, and that any such notice in lieu of stating the applicable Redemption Price, shall state the manner in which such Redemption Price shall be calculated. If the Company has given notice of
redemption as provided in the Indenture and funds for the redemption of the Securities called for redemption have been made available on the Redemption Date referred to in that notice, such Securities will cease to bear interest on such Redemption
Date (unless the Company defaults in the payment of the applicable Redemption Price and accrued and unpaid interest). Any interest accrued to such Redemption Date will be paid as specified in such notice. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security and certain restrictive covenants and
Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 

  
 A-5 

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

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of all series at the time
Outstanding affected thereby (voting as one class). The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Outstanding Securities of all series, with respect to which any default under the
Indenture shall have occurred and be continuing (voting as one class), on behalf of the Holders of all the Outstanding Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences.
The Indenture also permits the Holders of not less than a majority in principal amount of the Outstanding Securities of any series, on behalf of the Holders of all Outstanding Securities of such series, to waive compliance by the Company with
certain provisions of the Indenture. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer
hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As
provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy
thereunder unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than a majority in principal amount of the Securities of
this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the
Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and
offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

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

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registerable in the
Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, 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 his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like
tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of €100,000 and integral multiples of
€1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a
different authorized denomination, as requested in writing by the Holder surrendering the same. 
 No service charge shall 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. 

  
 A-6 

 Prior to due presentment of this Security 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 Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary. 
 All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture. 
 No recourse for the payment of the principal of or any premium or interest on any Security, or for any
claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or in any supplemental indenture, or in this Security, or because of the creation of any
indebtedness represented hereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, either directly or through the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability was expressly waived and released as a condition of,
and as consideration for, the execution of the Indenture and is a condition of, and is consideration for, the execution of this Security. 

  
 A-7 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

 

					
		 	  
	 	
		 	(Please insert social security or other identifying number of assignee)	 	

  
  

 
  
  

 
 (Please print or typewrite name and
address including postal zip code of assignee) 
 the within Security and all rights thereunder, hereby irrevocably constituting and appointing 

 
  

Attorney to transfer said Securities on the books of the Company with full power of substitution in the premises. 

 

							
	Date:	 	  
	 		 	
				
		 		 		 	  

			
	  
	 		 	
	(Signature Guarantee)	 		 	

  
 A-8 

 EXHIBIT B 

FORM OF 2020 NOTE 
 THIS SECURITY
IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF
THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK, S.A./N.V., AS OPERATOR OF THE EUROCLEAR SYSTEM
(“EUROCLEAR”) AND CLEARSTREAM BANKING S.A. (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR, “EUROCLEAR/CLEARSTREAM”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO THE BANK OF NEW YORK DEPOSITORY
(NOMINEES) LIMITED OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, HAS AN INTEREST HEREIN. 
 PFIZER INC. 

0.000% NOTES DUE 2020 
 Common
Code/ISIN/CUSIP No.: 717081 EF6 / XS1574156623 / 157415662 
 No. [●] 

Pfizer Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company”, which term includes
any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to The Bank Of New York Depository (Nominees) Limited or registered assigns, the principal sum of [●] EUROS (€[●]) on
March 6, 2020, and to pay interest thereon from March 6, 2017 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, annually in arrears, on March 6 in each year, beginning March 6,
2018 at the rate of 0.000% per annum until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to
the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business (in London) on the Regular Record Date for such interest, which shall be the
15th calendar day (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will
forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business (in London) on a Special Record
Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful
manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

  
 B-1 

 Payment of the principal of (and premium, if any) and interest on this Security will be made at
the office or agency maintained for that purpose in London (initially the corporate trust office of the paying agent) or, at the Company’s option, by check mailed to the Holders thereof at the respective addresses set forth in the register of
Holders of the Notes (maintained by the registrar). No service charge will be made for any registration of transfer, but payment of a sum sufficient to cover any tax or governmental charge payable in connection with such registration may be
required. 
 All payments of principal, premium, if any, and interest in respect of this Security will be made by the Company in immediately
available funds. 
 Reference is hereby made to the further provisions of this Security 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 the Trustee referred to on the reverse hereof by manual signature of one of its authorized signatories, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 B-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal. 
  

									
		 		 		 	PFIZER INC.
				
	Dated:	 		 		 	
					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:
					
	Attest:	 	  
	 		 		 	
		 	Name:	 		 		 	
		 	Title:	 		 		 	
	
	Dated:
				
		 		 		 	 CERTIFICATE OF AUTHENTICATION
 This
is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

				
		 		 		 	The Bank of New York Mellon, as Trustee
					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:

  
 B-3 

 [Reverse of Security] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of January 30, 2001 as supplemented by the ninth supplemental indenture dated as of March 6, 2017 (herein called the “Indenture”, which then shall have the meaning
assigned to it in such instrument) between the Company and The Bank of New York Mellon, formerly known as The Bank of New York, as successor to JPMorgan Chase Bank, formerly known as The Chase Manhattan Bank, as Trustee (herein called the
“Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. Capitalized terms used herein but not defined herein have the meanings ascribed to such terms in the Indenture.
This Security is one of the series designated on the face hereof initially limited in aggregate principal amount to €1,000,000,000. 

Principal, premium, if any, and interest payments and additional amounts, if any, in respect of the Securities will be payable in euros. If
the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control or the euro is no longer used by the then member states of the European Monetary Union that have adopted the euro as their
currency or for the settlement of transactions by public institutions within the international banking community, then all payments in respect of the Securities will be made in U.S. dollars until the euro is again available to the Company or so
used. In such circumstances, the amount payable on any date in euros will be converted to U.S. dollars on the basis of the most recently available market exchange rate for euros, as determined by the Company in its sole discretion. Any payment in
respect of the Securities so made in U.S. dollars will not constitute an Event of Default. Neither the Trustee nor the Paying Agent will be responsible for obtaining exchange rates, effecting conversions or otherwise handling redenominations. 

At the Company’s option, the Securities may be redeemed, in whole, at any time, or in part, from time to time prior to February 6,
2020 (each a “Redemption Date”) at a redemption price equal to the greater of the following amounts: 
 (a) 100% of the principal
amount of the Securities being redeemed on the applicable Redemption Date, and 
 (b) the sum of the present values of the remaining
scheduled payments of principal and interest on the Securities being redeemed on the applicable Redemption Date (not including the amount, if any, of accrued and unpaid interest to, but excluding, such Redemption Date) discounted to such Redemption
Date on an annual basis at a rate equal to the sum of the Comparable Government Bond Rate plus 15 basis points; 
 plus, in
each of the cases of (a) and (b) above, accrued and unpaid interest on the Securities being redeemed to, but excluding, such Redemption Date (the “Redemption Price”). 

“Comparable Government Bond” means, in relation to any Comparable Government Bond Rate calculation, at the discretion of an
Independent Investment Banker, a German government bond whose maturity is closest to the maturity of the Securities to be redeemed, or if such independent investment bank in its discretion determines that such similar bond is not in issue, such
other German government bond as such Independent Investment Banker may, with the advice of three brokers of, and/or market makers in, German government bonds selected by the Company, determine to be appropriate for determining the Comparable
Government Bond Rate. 
 “Comparable Government Bond Rate” means the price, expressed as a percentage (rounded to three decimal
places, with 0.0005 being rounded upwards), at which the gross redemption yield on the Securities to be redeemed, if they were to be purchased at such price on the third business day prior to the Redemption Date, would be equal to the gross
redemption yield on such business day of the Comparable Government Bond on the basis of the middle market price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such business day as determined by an Independent Investment
Banker. 

  
 B-4 

 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed
by the Company to act as the “Independent Investment Banker.” 
 “Reference Treasury Dealer” means each of Barclays Bank
PLC, BNP Paribas, Goldman, Sachs & Co. and J.P. Morgan Securities plc (or their respective affiliates that are Primary Treasury Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease to be a
broker or dealer of, and/or market maker in, German government bonds (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer. 

Any time on or after February 6, 2020, the Company may redeem the Securities, in whole or in part, at a redemption price equal to 100% of
the principal amount of the Securities to be redeemed, plus in each case, accrued and unpaid interest on the Securities being redeemed to, but excluding, the Redemption Date. 

If, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United States
(or any taxing authority thereof or therein), or any change in, or amendments to, an official position regarding the application or interpretation of such laws, regulations or rulings, which change or amendment is announced or becomes effective on
or after February 28, 2017, the Company becomes or, based upon a written opinion of independent tax counsel of recognized standing selected by the Company, will become obligated to pay additional amounts with respect to the Securities, then the
Company may at its option, having given not less than 10 nor more than 60 days prior notice to Holders, redeem, in whole, but not in part, the Securities at a redemption price equal to 100% of the principal amount, together with accrued and unpaid
interest (including any additional amounts) on the Securities to, but excluding, the Redemption Date. 
 The Redemption Prices will be
calculated on the basis of a 365-day year or a 366-day year, as applicable, and the actual number of days elapsed. Once notice of redemption is mailed by the Company,
the Securities called for redemption will become due and payable on the applicable Redemption Date at the applicable Redemption Price. 

Notice of any redemption of the Securities shall be given in the manner and otherwise in accordance with the provisions of Section 1104
of the Indenture; provided, however, that notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 10 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be
redeemed, at his address appearing in the Security Register, and that any such notice in lieu of stating the applicable Redemption Price, shall state the manner in which such Redemption Price shall be calculated. If the Company has given notice of
redemption as provided in the Indenture and funds for the redemption of the Securities called for redemption have been made available on the Redemption Date referred to in that notice, such Securities will cease to bear interest on such Redemption
Date (unless the Company defaults in the payment of the applicable Redemption Price and accrued and unpaid interest). Any interest accrued to such Redemption Date will be paid as specified in such notice. 

At or prior to the time of giving of any notice of redemption to the Holders of any Notes to be redeemed, the Company shall deliver an
Officers’ Certificate to the Trustee setting forth the calculation of the Redemption Price or the manner in which the Redemption Price shall be calculated, as relevant, applicable to such redemption. The Trustee shall be under no duty to
inquire into, may conclusively presume the correctness of, and shall be fully protected in relying upon, the applicable Redemption Price as so calculated, or the manner in which such Redemption Price shall be calculated, as relevant, and set forth
in such Officers’ Certificate. 
 The Indenture contains provisions for defeasance at any time of the entire indebtedness of this
Security and certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 

  
 B-5 

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

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of all series at the time
Outstanding affected thereby (voting as one class). The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Outstanding Securities of all series, with respect to which any default under the
Indenture shall have occurred and be continuing (voting as one class), on behalf of the Holders of all the Outstanding Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences.
The Indenture also permits the Holders of not less than a majority in principal amount of the Outstanding Securities of any series, on behalf of the Holders of all Outstanding Securities of such series, to waive compliance by the Company with
certain provisions of the Indenture. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer
hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As
provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy
thereunder unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than a majority in principal amount of the Securities of
this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the
Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and
offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

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

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registerable in the
Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, 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 his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like
tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of €100,000 and integral multiples of
€1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a
different authorized denomination, as requested in writing by the Holder surrendering the same. 
 No service charge shall 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. 

  
 B-6 

 Prior to due presentment of this Security 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 Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary. 
 All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture. 
 No recourse for the payment of the principal of or any premium or interest on any Security, or for any
claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or in any supplemental indenture, or in this Security, or because of the creation of any
indebtedness represented hereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, either directly or through the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability was expressly waived and released as a condition of,
and as consideration for, the execution of the Indenture and is a condition of, and is consideration for, the execution of this Security. 

  
 B-7 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

 

					
		 	  
	 	
		 	(Please insert social security or other identifying number of assignee)	 	

  
  

 
  

 
  

 
 (Please print or typewrite name and
address including postal zip code of assignee) 
 the within Security and all rights thereunder, hereby irrevocably constituting and appointing 

 
  

Attorney to transfer said Securities on the books of the Company with full power of substitution in the premises. 

 

							
	Date:	 	  
	 		 	
				
		 		 		 	  

			
	  
	 		 	
	(Signature Guarantee)	 		 	

  
 B-8 

 EXHIBIT C 

FORM OF 2022 NOTE 
 THIS SECURITY
IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF
THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK, S.A./N.V., AS OPERATOR OF THE EUROCLEAR SYSTEM
(“EUROCLEAR”) AND CLEARSTREAM BANKING S.A. (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR, “EUROCLEAR/CLEARSTREAM”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO THE BANK OF NEW YORK DEPOSITORY
(NOMINEES) LIMITED OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, HAS AN INTEREST HEREIN. 
 PFIZER INC. 

0.250% NOTES DUE 2022 
 Common
Code/ISIN/CUSIP No.: 717081 EG4 / XS1574157357 / 157415735 
 No. [●] 

Pfizer Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company”, which term includes
any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to The Bank Of New York Depository (Nominees) Limited or registered assigns, the principal sum of [●] EUROS (€[●]) on
March 6, 2022, and to pay interest thereon from March 6, 2017 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, annually in arrears, on March 6 in each year, beginning March 6,
2018 at the rate of 0.250% per annum until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to
the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business (in London) on the Regular Record Date for such interest, which shall be the
15th calendar day (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will
forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business (in London) on a Special Record
Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful
manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

  
 C-1 

 Payment of the principal of (and premium, if any) and interest on this Security will be made at
the office or agency maintained for that purpose in London (initially the corporate trust office of the paying agent) or, at the Company’s option, by check mailed to the Holders thereof at the respective addresses set forth in the register of
Holders of the Notes (maintained by the registrar). No service charge will be made for any registration of transfer, but payment of a sum sufficient to cover any tax or governmental charge payable in connection with such registration may be
required. 
 All payments of principal, premium, if any, and interest in respect of this Security will be made by the Company in immediately
available funds. 
 Reference is hereby made to the further provisions of this Security 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 the Trustee referred to on the reverse hereof by manual signature of one of its authorized signatories, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 C-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal. 
  

									
		 		 		 	PFIZER INC.
				
	Dated:	 		 		 	
					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:
					
	Attest:	 	  
	 		 		 	
		 	Name:	 		 		 	
		 	Title:	 		 		 	
	
	Dated:
				
		 		 		 	 CERTIFICATE OF AUTHENTICATION
 This
is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

				
		 		 		 	The Bank of New York Mellon, as Trustee
					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:

  
 C-3 

 [Reverse of Security] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of January 30, 2001 as supplemented by the ninth supplemental indenture dated as of March 6, 2017 (herein called the “Indenture”, which then shall have the meaning
assigned to it in such instrument) between the Company and The Bank of New York Mellon, formerly known as The Bank of New York, as successor to JPMorgan Chase Bank, formerly known as The Chase Manhattan Bank, as Trustee (herein called the
“Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. Capitalized terms used herein but not defined herein have the meanings ascribed to such terms in the Indenture.
This Security is one of the series designated on the face hereof initially limited in aggregate principal amount to €1,000,000,000. 

Principal, premium, if any, and interest payments and additional amounts, if any, in respect of the Securities will be payable in euros. If
the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control or the euro is no longer used by the then member states of the European Monetary Union that have adopted the euro as their
currency or for the settlement of transactions by public institutions within the international banking community, then all payments in respect of the Securities will be made in U.S. dollars until the euro is again available to the Company or so
used. In such circumstances, the amount payable on any date in euros will be converted to U.S. dollars on the basis of the most recently available market exchange rate for euros, as determined by the Company in its sole discretion. Any payment in
respect of the Securities so made in U.S. dollars will not constitute an Event of Default. Neither the Trustee nor the Paying Agent will be responsible for obtaining exchange rates, effecting conversions or otherwise handling redenominations. 

At the Company’s option, the Securities may be redeemed, in whole, at any time, or in part, from time to time prior to February 6,
2022 (each a “Redemption Date”) at a redemption price equal to the greater of the following amounts: 
 (a) 100% of the principal
amount of the Securities being redeemed on the applicable Redemption Date, and 
 (b) the sum of the present values of the remaining
scheduled payments of principal and interest on the Securities being redeemed on the applicable Redemption Date (not including the amount, if any, of accrued and unpaid interest to, but excluding, such Redemption Date) discounted to such Redemption
Date on an annual basis at a rate equal to the sum of the Comparable Government Bond Rate plus 15 basis points; 
 plus, in
each of the cases of (a) and (b) above, accrued and unpaid interest on the Securities being redeemed to, but excluding, such Redemption Date (the “Redemption Price”). 

“Comparable Government Bond” means, in relation to any Comparable Government Bond Rate calculation, at the discretion of an
Independent Investment Banker, a German government bond whose maturity is closest to the maturity of the Securities to be redeemed, or if such independent investment bank in its discretion determines that such similar bond is not in issue, such
other German government bond as such Independent Investment Banker may, with the advice of three brokers of, and/or market makers in, German government bonds selected by the Company, determine to be appropriate for determining the Comparable
Government Bond Rate. 
 “Comparable Government Bond Rate” means the price, expressed as a percentage (rounded to three decimal
places, with 0.0005 being rounded upwards), at which the gross redemption yield on the Securities to be redeemed, if they were to be purchased at such price on the third business day prior to the Redemption Date, would be equal to the gross
redemption yield on such business day of the Comparable Government Bond on the basis of the middle market price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such business day as determined by an Independent Investment
Banker. 

  
 C-4 

 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed
by the Company to act as the “Independent Investment Banker.” 
 “Reference Treasury Dealer” means each of Barclays Bank
PLC, BNP Paribas, Goldman, Sachs & Co. and J.P. Morgan Securities plc (or their respective affiliates that are Primary Treasury Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease to be a
broker or dealer of, and/or market maker in, German government bonds (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer. 

Any time on or after February 6, 2022 with respect to the Securities, the Company may redeem the Securities, in whole or in part, at a
redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus in each case, accrued and unpaid interest on the Securities being redeemed to, but excluding, the Redemption Date. 

If, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United States
(or any taxing authority thereof or therein), or any change in, or amendments to, an official position regarding the application or interpretation of such laws, regulations or rulings, which change or amendment is announced or becomes effective on
or after February 28, 2017, the Company becomes or, based upon a written opinion of independent tax counsel of recognized standing selected by the Company, will become obligated to pay additional amounts with respect to the Securities, then the
Company may at its option, having given not less than 10 nor more than 60 days prior notice to Holders, redeem, in whole, but not in part, the Securities at a redemption price equal to 100% of the principal amount, together with accrued and unpaid
interest (including any additional amounts) on the Securities to, but excluding, the Redemption Date. 
 The Redemption Prices will be
calculated on the basis of a 365-day year or a 366-day year, as applicable, and the actual number of days elapsed. Once notice of redemption is mailed by the Company,
the Securities called for redemption will become due and payable on the applicable Redemption Date at the applicable Redemption Price. 

Notice of any redemption of the Securities shall be given in the manner and otherwise in accordance with the provisions of Section 1104
of the Indenture; provided, however, that notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 10 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be
redeemed, at his address appearing in the Security Register, and that any such notice in lieu of stating the applicable Redemption Price, shall state the manner in which such Redemption Price shall be calculated. If the Company has given notice of
redemption as provided in the Indenture and funds for the redemption of the Securities called for redemption have been made available on the Redemption Date referred to in that notice, such Securities will cease to bear interest on such Redemption
Date (unless the Company defaults in the payment of the applicable Redemption Price and accrued and unpaid interest). Any interest accrued to such Redemption Date will be paid as specified in such notice. 

At or prior to the time of giving of any notice of redemption to the Holders of any Notes to be redeemed, the Company shall deliver an
Officers’ Certificate to the Trustee setting forth the calculation of the Redemption Price or the manner in which the Redemption Price shall be calculated, as relevant, applicable to such redemption. The Trustee shall be under no duty to
inquire into, may conclusively presume the correctness of, and shall be fully protected in relying upon, the applicable Redemption Price as so calculated, or the manner in which such Redemption Price shall be calculated, as relevant, and set forth
in such Officers’ Certificate. 
 The Indenture contains provisions for defeasance at any time of the entire indebtedness of this
Security and certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 

  
 C-5 

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

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of all series at the time
Outstanding affected thereby (voting as one class). The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Outstanding Securities of all series, with respect to which any default under the
Indenture shall have occurred and be continuing (voting as one class), on behalf of the Holders of all the Outstanding Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences.
The Indenture also permits the Holders of not less than a majority in principal amount of the Outstanding Securities of any series, on behalf of the Holders of all Outstanding Securities of such series, to waive compliance by the Company with
certain provisions of the Indenture. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer
hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As
provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy
thereunder unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than a majority in principal amount of the Securities of
this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the
Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and
offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

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

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registerable in the
Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, 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 his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like
tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of €100,000 and integral multiples of
€1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a
different authorized denomination, as requested in writing by the Holder surrendering the same. 
 No service charge shall 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. 

  
 C-6 

 Prior to due presentment of this Security 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 Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary. 
 All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture. 
 No recourse for the payment of the principal of or any premium or interest on any Security, or for any
claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or in any supplemental indenture, or in this Security, or because of the creation of any
indebtedness represented hereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, either directly or through the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability was expressly waived and released as a condition of,
and as consideration for, the execution of the Indenture and is a condition of, and is consideration for, the execution of this Security. 

  
 C-7 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

 

					
		 	  
	 	
		 	(Please insert social security or other identifying number of assignee)	 	

  
  

 
  
  

 
 (Please print or typewrite name and
address including postal zip code of assignee) 
 the within Security and all rights thereunder, hereby irrevocably constituting and appointing 

 
  

Attorney to transfer said Securities on the books of the Company with full power of substitution in the premises. 

 

							
	Date:	 	  
	 		 	
				
		 		 		 	  

			
	  
	 		 	
	(Signature Guarantee)	 		 	

  
 C-8 

 EXHIBIT D 

FORM OF 2027 NOTE 
 THIS SECURITY
IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF
THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK, S.A./N.V., AS OPERATOR OF THE EUROCLEAR SYSTEM
(“EUROCLEAR”) AND CLEARSTREAM BANKING S.A. (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR, “EUROCLEAR/CLEARSTREAM”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO THE BANK OF NEW YORK DEPOSITORY
(NOMINEES) LIMITED OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, HAS AN INTEREST HEREIN. 
 PFIZER INC. 

1.000% NOTES DUE 2027 
 Common
Code/ISIN/CUSIP No.: 717081 EH2 / XS1574158082 / 157415808 
 No. [●] 

Pfizer Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company”, which term includes
any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to The Bank Of New York Depository (Nominees) Limited or registered assigns, the principal sum of [●] EUROS (€[●]) on
March 6, 2027, and to pay interest thereon from March 6, 2017 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, annually in arrears, on March 6 in each year, beginning March 6,
2018 at the rate of 1.000% per annum until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to
the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business (in London) on the Regular Record Date for such interest, which shall be the
15th calendar day (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will
forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business (in London) on a Special Record
Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful
manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

  
 D-1 

 Payment of the principal of (and premium, if any) and interest on this Security will be made at
the office or agency maintained for that purpose in London (initially the corporate trust office of the paying agent) or, at the Company’s option, by check mailed to the Holders thereof at the respective addresses set forth in the register of
Holders of the Notes (maintained by the registrar). No service charge will be made for any registration of transfer, but payment of a sum sufficient to cover any tax or governmental charge payable in connection with such registration may be
required. 
 All payments of principal, premium, if any, and interest in respect of this Security will be made by the Company in immediately
available funds. 
 Reference is hereby made to the further provisions of this Security 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 the Trustee referred to on the reverse hereof by manual signature of one of its authorized signatories, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 D-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal. 
  

									
		 		 		 	PFIZER INC.
				
	Dated:	 		 		 	
					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:
					
	Attest:	 	  
	 		 		 	
		 	Name:	 		 		 	
		 	Title:	 		 		 	
				
	 Dated:
	 		 		 	
				
		 		 		 	 CERTIFICATE OF AUTHENTICATION
 This
is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

				
		 		 		 	The Bank of New York Mellon, as Trustee
					
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:

  
 D-3 

 [Reverse of Security] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of January 30, 2001 as supplemented by the ninth supplemental indenture dated as of March 6, 2017 (herein called the “Indenture”, which then shall have the meaning
assigned to it in such instrument) between the Company and The Bank of New York Mellon, formerly known as The Bank of New York, as successor to JPMorgan Chase Bank, formerly known as The Chase Manhattan Bank, as Trustee (herein called the
“Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. Capitalized terms used herein but not defined herein have the meanings ascribed to such terms in the Indenture.
This Security is one of the series designated on the face hereof initially limited in aggregate principal amount to €750,000,000. 

Principal, premium, if any, and interest payments and additional amounts, if any, in respect of the Securities will be payable in euros. If
the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond its control or the euro is no longer used by the then member states of the European Monetary Union that have adopted the euro as their
currency or for the settlement of transactions by public institutions within the international banking community, then all payments in respect of the Securities will be made in U.S. dollars until the euro is again available to the Company or so
used. In such circumstances, the amount payable on any date in euros will be converted to U.S. dollars on the basis of the most recently available market exchange rate for euros, as determined by the Company in its sole discretion. Any payment in
respect of the Securities so made in U.S. dollars will not constitute an Event of Default. Neither the Trustee nor the Paying Agent will be responsible for obtaining exchange rates, effecting conversions or otherwise handling redenominations. 

At the Company’s option, the Securities may be redeemed, in whole, at any time, or in part, from time to time prior to December 6,
2026 (each a “Redemption Date”) at a redemption price equal to the greater of the following amounts: 
 (a) 100% of the principal
amount of the Securities being redeemed on the applicable Redemption Date, and 
 (b) the sum of the present values of the remaining
scheduled payments of principal and interest on the Securities being redeemed on the applicable Redemption Date (not including the amount, if any, of accrued and unpaid interest to, but excluding, such Redemption Date) discounted to such Redemption
Date on an annual basis at a rate equal to the sum of the Comparable Government Bond Rate plus 15 basis points; 
 plus, in
each of the cases of (a) and (b) above, accrued and unpaid interest on the Securities being redeemed to, but excluding, such Redemption Date (the “Redemption Price”). 

“Comparable Government Bond” means, in relation to any Comparable Government Bond Rate calculation, at the discretion of an
Independent Investment Banker, a German government bond whose maturity is closest to the maturity of the Securities to be redeemed, or if such independent investment bank in its discretion determines that such similar bond is not in issue, such
other German government bond as such Independent Investment Banker may, with the advice of three brokers of, and/or market makers in, German government bonds selected by the Company, determine to be appropriate for determining the Comparable
Government Bond Rate. 
 “Comparable Government Bond Rate” means the price, expressed as a percentage (rounded to three decimal
places, with 0.0005 being rounded upwards), at which the gross redemption yield on the Securities to be redeemed, if they were to be purchased at such price on the third business day prior to the Redemption Date, would be equal to the gross
redemption yield on such business day of the Comparable Government Bond on the basis of the middle market price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such business day as determined by an Independent Investment
Banker. 

  
 D-4 

 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed
by the Company to act as the “Independent Investment Banker.” 
 “Reference Treasury Dealer” means each of Barclays Bank
PLC, BNP Paribas, Goldman, Sachs & Co. and J.P. Morgan Securities plc (or their respective affiliates that are Primary Treasury Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease to be a
broker or dealer of, and/or market maker in, German government bonds (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer. 

Any time on or after December 6, 2026 with respect to the Securities, the Company may redeem the Securities, in whole or in part, at a
redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus in each case, accrued and unpaid interest on the Securities being redeemed to, but excluding, the Redemption Date. 

If, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United States
(or any taxing authority thereof or therein), or any change in, or amendments to, an official position regarding the application or interpretation of such laws, regulations or rulings, which change or amendment is announced or becomes effective on
or after February 28, 2017, the Company becomes or, based upon a written opinion of independent tax counsel of recognized standing selected by the Company, will become obligated to pay additional amounts with respect to the Securities, then the
Company may at its option, having given not less than 10 nor more than 60 days prior notice to Holders, redeem, in whole, but not in part, the Securities at a redemption price equal to 100% of the principal amount, together with accrued and unpaid
interest (including any additional amounts) on the Securities to, but excluding, the Redemption Date. 
 The Redemption Prices will be
calculated on the basis of a 365-day year or a 366-day year, as applicable, and the actual number of days elapsed. Once notice of redemption is mailed by the Company,
the Securities called for redemption will become due and payable on the applicable Redemption Date at the applicable Redemption Price. 

Notice of any redemption of the Securities shall be given in the manner and otherwise in accordance with the provisions of Section 1104
of the Indenture; provided, however, that notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 10 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be
redeemed, at his address appearing in the Security Register, and that any such notice in lieu of stating the applicable Redemption Price, shall state the manner in which such Redemption Price shall be calculated. If the Company has given notice of
redemption as provided in the Indenture and funds for the redemption of the Securities called for redemption have been made available on the Redemption Date referred to in that notice, such Securities will cease to bear interest on such Redemption
Date (unless the Company defaults in the payment of the applicable Redemption Price and accrued and unpaid interest). Any interest accrued to such Redemption Date will be paid as specified in such notice. 

At or prior to the time of giving of any notice of redemption to the Holders of any Notes to be redeemed, the Company shall deliver an
Officers’ Certificate to the Trustee setting forth the calculation of the Redemption Price or the manner in which the Redemption Price shall be calculated, as relevant, applicable to such redemption. The Trustee shall be under no duty to
inquire into, may conclusively presume the correctness of, and shall be fully protected in relying upon, the applicable Redemption Price as so calculated, or the manner in which such Redemption Price shall be calculated, as relevant, and set forth
in such Officers’ Certificate. 
 The Indenture contains provisions for defeasance at any time of the entire indebtedness of this
Security and certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 

  
 D-5 

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

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of all series at the time
Outstanding affected thereby (voting as one class). The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Outstanding Securities of all series, with respect to which any default under the
Indenture shall have occurred and be continuing (voting as one class), on behalf of the Holders of all the Outstanding Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences.
The Indenture also permits the Holders of not less than a majority in principal amount of the Outstanding Securities of any series, on behalf of the Holders of all Outstanding Securities of such series, to waive compliance by the Company with
certain provisions of the Indenture. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer
hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As
provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy
thereunder unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than a majority in principal amount of the Securities of
this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the
Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and
offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

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

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registerable in the
Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, 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 his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like
tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of €100,000 and integral multiples of
€1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a
different authorized denomination, as requested in writing by the Holder surrendering the same. 
 No service charge shall 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. 

  
 D-6 

 Prior to due presentment of this Security 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 Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary. 
 All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture. 
 No recourse for the payment of the principal of or any premium or interest on any Security, or for any
claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or in any supplemental indenture, or in this Security, or because of the creation of any
indebtedness represented hereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, either directly or through the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability was expressly waived and released as a condition of,
and as consideration for, the execution of the Indenture and is a condition of, and is consideration for, the execution of this Security. 

  
 D-7 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

 

					
		 	  
	 	
		 	(Please insert social security or other identifying number of assignee)	 	

  
  

 
  
  

 
 (Please print or typewrite name and
address including postal zip code of assignee) 
 the within Security and all rights thereunder, hereby irrevocably constituting and appointing 

 
  
  

Attorney to transfer said Securities on the books of the Company with full power of substitution in the premises. 

 

							
	Date:	 	  
	 		 	
				
		 		 		 	  

			
	  
	 		 	
	(Signature Guarantee)	 		 	

  
 D-8Contract

Table of Contents

 BRIGHTHOUSE LIFE INSURANCE COMPANY OF NY 

(A Stock Company) 
 285 Madison Avenue 

New York, NY 10017 
 NOTICE 

To obtain information about your policy or if you need assistance or need help in resolving a complaint, you may call (800)-638-7732. 

Brighthouse Life Insurance Company of NY (referred to as “we”, “us”, “our”, and the “Company”) will make
Income Payments as described in this Contract beginning on the Annuity Date. 
 This Policy is a legal contract between the policyholder and the
Company. 
 FREE LOOK PROVISION - RIGHT TO CANCEL 
 This
Contract may be returned for any reason within 10 days after you receive it by mailing or delivering the Contract to either us or the agent who sold it. Return of this Contract by mail is effective on being postmarked, properly addressed and postage
prepaid. We will promptly refund your Account Value plus the sum of all fees, taxes, and charges deducted from the Purchase Payment as of the effective date of the Free Look on the Business Day we receive your Contract. Your Account Value may be
more or less than your Purchase Payment. 
 Signed for the Company. 
  

			
	

	  	

		
	 Secretary
	  	President

 INDIVIDUAL SINGLE PREMIUM DEFERRED INDEX-LINKED SEPARATE ACCOUNT ANNUITY CONTRACT 

This Contract contains Shield Options and a Fixed Account. The initial interest rate for the Fixed Account is guaranteed for one year. 

NONPARTICIPATING 
 READ YOUR CONTRACT
CAREFULLY. 
 VALUES AND DETERMINATION OF ANNUITY PAYMENTS PROVIDED BY THIS CONTRACT, WHEN BASED ON THE VALUE OF THE SHIELD OPTION(S) SUBJECT
TO THE SHIELD RATE AND THE CAP OR STEP RATE, ARE VARIABLE, MAY INCREASE OR DECREASE, BASED ON WHETHER THE INDEX PERFORMANCE IS POSITIVE, NEGATIVE, OR EQUAL TO ZERO, AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT. INVESTMENT IN THE CONTRACT
INVOLVES INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF PRINCIPAL. 
 We reserve the right with 30 days advance written notice to restrict
transfers and allocations into the Fixed Account during the Transfer Period if the declared interest rate that would apply equals the Minimum Guaranteed Interest Rate and the Company is unable to support the Minimum Guaranteed Interest Rate. We will
notify you if these restrictions on transfers and allocations are subsequently lifted. 

  

					
	 ML-22494 (09/12)
	  		  	

Table of Contents

 TABLE OF CONTENTS 

 

			
	 	  	PAGE
		
	 CONTRACT SCHEDULE
	  	3
		
	 DEFINITIONS
	  	4
		
	 GENERAL PROVISIONS
	  	5
		
	 ANNUITANT, OWNERSHIP, ASSIGNMENT PROVISIONS
	  	6
		
	 BENEFICIARY PROVISIONS
	  	7
		
	 PURCHASE PAYMENT PROVISIONS
	  	7
		
	 RENEWAL PROVISIONS
	  	8
		
	 ACCOUNT VALUE PROVISIONS
	  	8
		
	 WITHDRAWAL PROVISIONS
	  	10
		
	 DEATH BENEFIT PROVISIONS
	  	11
		
	 ANNUITY PROVISIONS
	  	12

  

					
	 ML-22494 (09/12)
	  		  	

Table of Contents

 DEFINITIONS 

Account Value 
 Is the total of the value of the Shield
Option(s) under this Contract, adjusted for any amounts that may be included by rider during the Accumulation Period. Also referred to as “Contract Value.” 

Accumulation Period 
 The period prior to the Annuity Date. 

Annuity Service Office 
 The office indicated on the Contract
Schedule to which notices and requests must be sent, or as otherwise changed by notice from us. 
 Annuitant 

The natural person listed on the Contract Schedule on whose life Income Payments are based. Any reference to Annuitant shall also include any Joint
Annuitant under an Annuity Option. 
 Annuity Date 
 A date
on which you choose to begin receiving Income Payments. If we agree, you may change the Annuity Date subject to the requirements shown under the Annuity Option Information section on the Contract Schedule. If you do not choose an Annuity Date, the
Annuity Date will be the Annuity Date described on the Contract Schedule. Also referred to as “Maturity Date.” 
 Attained Age 

The age of any Owner, Beneficiary or Annuitant on his/her last birthday. 

Beneficiary 
 The person(s) or entity(ies) you name to receive
a death benefit payable under this Contract upon the death of the Owner or a Joint Owner, or in certain circumstances, an Annuitant. 
 Business Day 

Any day our Annuity Service Office, shown on the Contract Schedule, is open for business. For purposes of administrative requests and transactions, a
Business Day ends at 4:00PM Eastern Standard Time. 
 Code 
 The Internal
Revenue Code of 1986, as amended. 
 Company 
 Brighthouse Life Insurance
Company of NY. 
 Contract Anniversary 
 An anniversary of the Issue Date of
this Contract. 
 Contract Year 
 A one-year period starting on the Issue
Date and on each Contract Anniversary thereafter. 
 Income Payments 
 A
series of payments made by us during an Income Period, which we guarantee as to dollar amount. 
 Income Period 

A period starting on an Annuity Date during which Income Payments are payable. 

Investment Amount 
 The Investment Amount for each Shield
Option is the amount that is allocated to the Shield Option. The Investment Amount will be reduced for any withdrawal by the same percentage that the withdrawal reduces the Interim Value attributable to that Shield Option. The Investment Amount is
adjusted by the Performance Rate at the end of the Term. 
 Issue Date 
 The
date this Contract was issued. The Issue Date is shown on the Contract Schedule. 

  

					
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	  	4	  	

Table of Contents

 Joint Owner 
 If there is more
than one Owner, each Owner shall be a Joint Owner of the Contract. 
 Notice 

Any form of communication providing information we need, either in a signed writing or another manner that we approve in advance. All Notices to us must
be sent to our Annuity Service Office and received in good order. To be effective for a Business Day, a Notice must be received in good order prior to the end of that Business Day. 

Owner 
 The person(s) entitled to the ownership rights under
this Contract. If Joint Owners are named, all references to Owner shall mean Joint Owners. (Referred to as “you”, “yours” or “policyholder.”) 

Purchase Payment 
 The amount paid to us under this Contract as consideration
for the benefits it provides. 
 Shield Option 
 This is an
investment option offered in this product. The option shields the client from a specified amount of investment losses. Each Shield Option has an associated Index, Term, Shield Rate, and either a Cap Rate or Step Rate. For example, a Shield 10
represents an investment option where if the contract holder holds the investment until the end of the Term, the Company will cover the first 10% of any losses. 

GENERAL PROVISIONS 
 The
Contract 
 The Contract consists of this contract and any attached riders or endorsements. We may require this Contract to be returned to us prior
to the payment of any benefit. It is important to review any riders or endorsements. In case of conflict with any other provision of this Contract, the provisions of the Rider or Endorsement will control. 

Non-Participating 
 This Contract will not share in any distribution by us of
Company dividends. 
 Misstatement of Age or Sex 
 We may
require proof of the age or sex of the Annuitant, Owner and/or Beneficiary before making any payments under this Contract that are measured by the Annuitant’s, Owner’s or Beneficiary’s life. If the age or sex of the Annuitant, Owner
or Beneficiary has been misstated, the amount payable will be the amount that the Account Value would have provided at the correct age and sex. 
 Once
Income Payments have begun, the amount of any overpayments or underpayments, with interest at 6% per annum, will be, as appropriate, deducted from or added to the payment or payments made after the adjustment. 

Reports 
 At least once each calendar year we will furnish you
with a report showing the Account Value and any other information as may be required by law. The Report shall provide current information as of a date not more than four months prior to the date of mailing. We will send you confirmations of certain
transactions, the beginning and end dates of the current Report period, the Account Value, if any, at the beginning of the current Report period and at the end of the current Report period, the Withdrawal Value, if any, at the end of the current
Report period, the amounts that have been credited and debited to the Account Value such as Purchase Payment, partial withdrawals, and any applicable Withdrawal Charges and any additional benefit values, if any at the end of the current Report
period, added by Rider to this Contract. Reports and confirmations will be sent to your last known address on our records. 
 Premium and Other Taxes 

Any taxes paid by us to any governmental entity relating to this Contract will be deducted from the Purchase Payments or Account Value when incurred. We
will, at our sole discretion, determine when taxes relate to the Contract, including when they have resulted from: the investment experience of the Separate Account; receipt by us of the Purchase Payments; or commencement of Annuity Payments. We
may, at our sole discretion, pay taxes when due and deduct that amount from the Account Value at a later date. Payment at an earlier date does not waive any right we may have to deduct amounts at a later date. We will deduct any withholding taxes
required by applicable law. 
 Evidence of Survival 
 We may
require proof that any person(s) on whose life Income Payments are based is alive. We reserve the right to discontinue Income Payments until satisfactory proof is received. 

  

					
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 Modification of Contract 

This Contract may be changed by us in order to maintain compliance with applicable state and federal law. This Contract may be changed or altered only in
writing signed by our President, Vice-President, or Secretary. 
 Notwithstanding any provision of this Contract to the contrary, this Contract will
be construed and administered in accordance with applicable sections of the Code. To preserve this Contract’s status as an annuity and comply with applicable sections of the Code and applicable Treasury Regulations, we may, if necessary amend
this Contract. We will notify you of any amendments and, when required by law, we will obtain your approval and the approval of the New York Department of Financial Services. 

Incontestability 
 We will not contest this contract from the Issue Date. 

Deferral of Payments 
 After receipt of a Notice of withdrawal
from you, we reserve the right to defer payment for a withdrawal for the period permitted by law, but not for more than six (6) months. 
 Interest of Delayed
Payments 
 We will pay interest on any payments of death benefits from the date of death. We will also pay interest on withdrawals paid ten
Business Days or later after receipt by us of any Notice to complete the transactions. Interest, in either instance, will be paid in accordance with laws and regulations in effect in the state of New York. 

Suspension of Payments or Transfers 
 We may be required to
suspend or delay the payment ofwithdrawals, and transfers when we cannot obtain an Index Value under the following circumstances: 
  

	 	•	 	the New York Stock Exchange is closed (other than customary weekend and holiday closings); 

  

	 	•	 	trading on the New York Stock Exchange is restricted; 

  

	 	•	 	an emergency exists such that we cannot value Investment Amounts; or 

  

	 	•	 	during any other period when a regulator by order, so permits. 

ANNUITANT, OWNERSHIP, ASSIGNMENT PROVISIONS 

Owner 
 You, as the Owner, have all the interest and rights
under this Contract. The Owner is the person named as such on the Issue Date, unless changed. 
 You may change the Owner at any time. Any change of
Owner request may be refused in a non-discriminatory manner in order to comply with any applicable laws, rules or regulations in effect at the time of the request. A change of Owner will automatically revoke any prior named Owner. A request for
change must be: 
  

	 	1.	by Notice; and 

  

	 	2.	received by us at the Annuity Service Office. 

 The change will become effective as of the date the Notice
is signed by you. Naming a new Owner will not apply to any payment made or action taken by us prior to the time the new naming was received at our Annuity Service Office. 

Joint Owner 
 A Contract may be owned by Joint Owners, both of
whom must be natural persons. Either Joint Owner can exercise all rights under the Contract unless you inform us otherwise or in a Notice to us. Upon the death of either Owner, the surviving Joint Owner will be deemed to be the primary Beneficiary
unless you inform us otherwise. Any other Beneficiary naming will be treated as a contingent Beneficiary unless otherwise indicated on the Contract Schedule or in a Notice to us. 

Annuitant 
 The Annuitant is the person on whose life Annuity
Payments are based. The Annuitant is the person named by you as of the Issue Date, unless changed prior to the Annuity Date. The Annuitant may not be changed in a Contract which is owned by a non-natural person. Any change of Annuitant is subject to
the specified maximum age in effect at the time of the request. 

  

					
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 Assignment 
 You
may assign your rights under this Contract unless restricted by the Internal Revenue Code or other applicable law. For example, in certain tax markets assignment of this Contract is prohibited by the Internal Revenue Code. If your contract is
assigned absolutely, we will treat it as a change of ownership and all rights will be transferred. We are not bound by any assignment unless it is in writing and until it is received at our Annuity Service Office. We are not responsible for the
validity of any assignment. Assignments will be effective as of the date the written notice of assignment was signed subject to all payments made and actions taken by us before a copy of the signed assignment form is received by us at our Annuity
Service Office. 
 BENEFICIARY PROVISIONS 

Beneficiary 
 The Beneficiary is the person(s) outlined on the
Contract Schedule or the surviving Joint Owner, unless changed. Unless you provide otherwise, the death benefit will be paid to or in equal shares as follows: 
  

	 	1.	to the primary Beneficiary(ies) who survive you (or who survive the Annuitant if the Owner is a non-natural person); or if there are none, then 

 

	 	2.	to the contingent Beneficiary(ies) who survive you (or who survive the Annuitant if the Owner is a non-natural person); or if there are none, then 

 

	 	3.	to your estate. 

 Change of Beneficiary 

Subject to the rights, including the written consent, of any irrevocable Beneficiary and any applicable laws or regulations, you may change the primary
Beneficiary or contingent Beneficiary. A change may be made by filing a Notice with us. The change will take effect as of the date the Notice is signed, but we will not be liable for any payment made or action taken before we have received the
Notice. 
 PURCHASE PAYMENT PROVISIONS 

Separate Account 
 The Purchase Payment made to this Contract
is invested in the Separate Account shown on the Contract Schedule. We have exclusive and absolute ownership and control of the assets of the Separate Account. It is a non-unitized separate account. You do not share in the investment performance of
assets allocated to the Separate Account. All investment income, gains and losses, whether or not realized, from assets allocated to the Separate Account are borne by the Company. The obligations under this Contract are independent of the investment
performance of the Separate Account and are the obligations of the Company. 
 We will maintain in the Separate Account assets with an aggregate value
at least equal to the reserves for all contracts issued on the Separate Account. 
 If the aggregate value of such assets should fall below such
amount, the Company will transfer assets into the Separate Account so that the value of the Separate Account’s assets is at least equal to such amount. Assets supporting reserves for annuity benefits under such contracts, in the course of
payment, shall not be maintained in the Separate Account. 
 Shield Options 

On the Issue Date, you may allocate your Purchase Payment to one or more of the available Shield Options listed on the Contract Schedule. At the end of
each Term, you may transfer the Account Value attributable to the Shield Option(s) to one or more of the available Shield Options subject to the Transfer Requirements and Minimum Allocation shown on the Contract Schedule and the Renewal Provisions.

 Each Shield Option has an associated Index, Term, Shield Rate, and either a Cap Rate or a Step Rate as defined below. 

Term 
 The initial Term(s) begin on the Issue Date. A Term
ends and a subsequent Term begins, on the Contract Anniversary coinciding with the term duration of the then current Term for that Shield Option. 
 Index 

There is a specific Index associated with each Shield Option. The Index is the price index of certain securities, excluding dividends, or commodities.

  

					
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 Index Value 
 The
Index Value of an Index, on a Business Day, is the published closing value of the Index on that Business Day. We will use consistent sources to obtain Index Values. If these sources are no longer available for specific indices, we will select an
alternative published source(s) for these Index Values. The Index Value on any day that is not a Business Day is the value as of the prior Business Day. 
 Index
Performance 
 Index Performance is the percentage change in an Index Value measured from the beginning of a Term to any day, including the last
day, within the Term. Index Performance can be positive, negative, or zero. 
 Shield Rate 

The Shield Rate is the amount of any negative Index Performance that is absorbed by us at the end of the Term. Any negative Index Performance beyond the
Shield Rate will reduce the Investment Amount. For example, a -15% Index Performance with a 10% Shield Rate will result in a -5% Performance Rate; or, a -10% Index Performance with a 25% Shield Rate will result in a 0% Performance Rate. 

The Shield Rate may vary between Shield Options, and it is not an annual rate. 

Cap Rate 
 The Cap Rate is the maximum rate that may be
credited at the end of a Term based on Index Performance. A new Cap Rate is declared for each subsequent Term, and such rate will not be less than the Minimum Guaranteed Cap Rate on the Contract Schedule. 

The Cap Rate may vary between Shield Options, and it is not an annual rate. 
 Step
Rate 
 The Step Rate is the rate credited at the end of a Term if the Index Performance is greater than or equal to zero. A new Step Rate is
declared for each subsequent Term, and such rate will not be less than the Minimum Guaranteed Step Rate on the Contract Schedule. 
 The Step Rate may vary between
Shield Options, and it is not an annual rate. 
 RENEWAL PROVISIONS 

For renewals into the same Shield Option, a new Cap Rate or Step Rate, whichever is applicable, will be declared and will go into effect on the Contract
Anniversary that coincides with the beginning of the new Shield Option. 
 Discontinuation or Substantial Change to an Index 

If any Index is discontinued or, we determine that our use of such Index should be discontinued, or if the calculation of an Index is substantially
changed, we may substitute a comparable index. We will send you 30 days advance written notice if we determine that such Index should be discontinued and reasonable written Notice should the Index be discontinued by the Index provider. Upon
substitution of an Index, we will calculate your Index Performance on the existing Index up until the date of substitution and the new Index from the date of substitution to the end of the Term. A substitute Index will not change the Shield Rate,
Cap Rate or Step Rate for an existing Shield Option. 
 Addition or Discontinuance of a Shield Option 

We can add or discontinue any Shield Option. When a change is made to the Shield Options or Indices referenced on the Contract Schedule or as changed
subsequent to the Issue Date, we will send notification to you which will describe any changes to the Shield Options then available under the Contract as required by law. This change will take effect upon your Contract as of the next Contract
Anniversary for any allowable transfers into the Shield Option(s). If you are currently invested in a Shield Option which is no longer available, you will remain in that Shield Option until the end of the Term, but that Shield Option will not be
available thereafter. At least one Shield Option will be available at all times. 
 ACCOUNT VALUE PROVISIONS 

The Account Value attributable to each Shield Option is as determined below and will be the Interim Value on any day during the Term and the Investment
Amount as adjusted for the Performance Rate at the end of the Term as defined below. 
 Performance Rate 

The Performance Rate is the rate credited at the end of the Term. The Performance Rate at the end of a particular Term is the Index Performance, adjusted
for the applicable Shield Rate, Cap Rate, or Step Rate. The Performance Rate can be positive, negative, or equal to zero. At the end of the Term, any increase or reduction in a particular Shield Option is

  

					
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determined by multiplying the Performance Rate by the Investment Amount of the Shield Option on the last day of the Term. 

The Performance Rate is determined as follows: 
 Shield Options with a Cap Rate:

 If Index Performance is equal to or less than zero, then the Performance Rate will equal the lesser of zero, or the Index Performance increased
by the Shield Rate. (For example: a -15% Index Performance with a 10% Shield Rate will result in a -5% Performance Rate.) The Performance Rate can never be greater than zero if the Index Performance is negative. 

If Index Performance is greater than zero and less than the Cap Rate, then the Performance Rate will equal the Index Performance. 

If Index Performance is greater than zero and equals or exceeds the Cap Rate, then the Performance Rate will equal the Cap Rate. 

Shield Options with a Step Rate: 
 If Index Performance is less
than zero, then the Performance Rate will equal the lesser of zero or the Index Performance increased by the Shield Rate. (For example: a -15%Index Performance with a 10% Shield Rate will result in a -5% Performance Rate.) The Performance Rate can
never be greater than zero if the Index Performance is negative. 
 If Index Performance is equal to or greater than zero, the Performance Rate will equal the Step
Rate. 
 Interim Value 
 The Interim Value for each Shield
Option is the value we assign on any Business Day prior to the end of the Term. During the Transfer Period set forth in the Contract Schedule, the Interim Value of each Shield Option will equal the Investment Amount in that Shield Option. After the
Transfer Period, the Interim Value of that Shield Option is equal to the Investment Amount in the Shield Option, adjusted for the Index Performance of the associated Index and subject to the applicable Accrued Shield Rate, Accrued Cap Rate, or
Accrued Step Rate, as defined below. 
 On the date of a withdrawal from the Shield Option(s), your Interim Value will be reduced by the amount withdrawn. 

Accrued Shield Rate 
 The Accrued Shield Rate is the portion
of the Shield Rate that has accrued from the beginning of a Term to any day within the Term. This is the amount that will be applied in calculating the Interim Value on any day prior to the end of the Term if Index Performance is less than zero. The
Accrued Shield Rate is equal to the Shield Rate multiplied by the number of days elapsed since the beginning of the Term, divided by the total number of days in the Term. 

Accrued Cap Rate 
 The Accrued Cap Rate is the portion of the
Cap Rate that has accrued from the beginning of a Term to any day within the Term. This is the maximum Index Performance that may be applied in calculating the Interim Value on any day prior to the end of the Term if Index Performance is greater
than zero. The Accrued Cap Rate is equal to the Cap Rate multiplied by the number of days elapsed since the beginning of the Term, divided by the total number of days in the Term. 

Accrued Step Rate 
 The Accrued Step Rate is the portion of
the Step Rate that has accrued from the beginning of a Term to any day within the Term. This is the rate that will be applied in calculating the Interim Value on any day prior to the end of the Term if Index Performance is equal to or greater than
zero. The Accrued Step Rate is equal to the Step Rate multiplied by the number of days elapsed since the beginning of the Term divided by the total number of days in the Term. 

Performance Rate for Determination of Interim Value 
 Except
as indicated in the Interim Value section above, the Performance Rate during a particular Term is the Index Performance, adjusted for the applicable Accrued Shield Rate, Accrued Cap Rate, or Accrued Step Rate. 

For purposes of determining the Accrued Shield Rate, Accrued Cap Rate, and Accrued Step Rate, the total number of days in each calendar year of a Term is
365. 
 The following are hypothetical examples that show the determination of the Interim Value when the Index Performance is greater than zero and
less than zero. These hypothetical examples are rounded for illustrative purposes: 

  

					
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 Example #1 – Index Performance is positive – Interim Value calculated 306 days into a Term of 3 Years.

  

			
		
	Issue Date	  	March 1, 2013
		
	Investment Amount	  	$100,000
		
	Shield Option	  	XYZ 10
		
	Term	  	3 Years
		
	Shield Rate	  	10%
		
	Cap Rate	  	25%
		
	Index Value at Beginning of Term	  	1000
		
	Number of Days in Term	  	1095  (3 X 365 = 1095)
		
	Index Value at close of Business Day on January 1, 2014	  	1100
		
	Index Performance	  	10%
		
	Accrued Days	  	306

 The Accrued Cap Rate as of January 1, 2014 is 6.986% 306 days
into the 3 year term (25%*(306/1095)). The Index Performance is calculated at 10% (1100/1000 - 1). Since the Index Performance is positive, the Interim Value is then determined by multiplying the Investment Amount by the lesser of the Index
Performance or the Accrued Cap Rate and adding that amount to the Investment Amount. As of the close of the Business Day January 1, 2014, the Interim Value is $106,986 ($100,000+$100,000 * 6.986%). 

Example #2 – Index Performance is negative– Interim Value calculated 306 days into a Term of 3 Years. 

 

			
		
	Issue Date	  	March 1, 2013
		
	Investment Amount	  	$100,000
		
	Shield Option	  	XYZ 10
		
	Term	  	3 Years
		
	Shield Rate	  	10%
		
	Cap Rate	  	25%
		
	Index Value at Beginning of Term	  	1000
		
	Number of Days in Term	  	1095  (3 X 365 = 1095)
		
	Index Value at close of Business Day on January 1, 2014	  	950
		
	Index Performance	  	-5%
		
	Accrued Days	  	306

 The Accrued Shield Rate as of January 1, 2014 is 2.795% 306
days into the 3 year term (10% * (306/1095)). The Index Performance is calculated at -5% (950/1000 - 1). Since the Index Performance is negative, the Interim Value is then determined by multiplying the Investment Amount by the Index Performance plus
the Accrued Shield Rate (-5% + 2.795% = -2.205%) and adding that amount to the Investment Amount. As of the close of Business Day January 1, 2014, the Interim Value is $97,795 ($100,000+$100,000*-2.205%). 

WITHDRAWAL PROVISIONS 

Withdrawals 
 Prior to the Annuity Date, you may, upon Notice
to us, request a full or a partial withdrawal and we will withdraw that amount from the Account Value (“the amount withdrawn”). A withdrawal will result in a reduction to each Shield Option in the ratio that each Shield Option bears to the
total Account Value, as determined under the Account Value Provisions above, unless otherwise directed by you. The amount payable to you will be a net amount equal to the amount withdrawn adjusted for any applicable Withdrawal Charge shown on the
Contract Schedule and Premium and Other Taxes. The Free Withdrawal Amount shown on the Contract Schedule defines the amount You may withdraw free from any Withdrawal Charge. 

The total amount withdrawn from the Account Value must not be less than the Minimum Partial Withdrawal amount shown on the Contract Schedule. If the
withdrawal would result in the remaining Account Value being less than the Minimum 

  

					
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Account Value shown on the Contract Schedule, we will treat the withdrawal request as a request for a full withdrawal. 

If you request a full or partial withdrawal, the amount withdrawn after adjustments for any Withdrawal Charge will result in our paying you a net amount.
The net amount payable to you is equal to (a)-(b)-(c), where: 
  

	 	(a)	is the amount withdrawn from the Account Value, and 

  

	 	(b)	is the Withdrawal Charge, if any, as described on the Contract Schedule, and 

  

	 	(c)	is the Premium and Other Taxes, if any. 

 The amount withdrawn will reduce the Investment Amount, as
defined in the Definitions section, for each Shield Option by the percentage reduction in the Interim Value of such Shield Option. 
 
DEATH BENEFIT PROVISIONS 
 Death of Owner During the Accumulation Period 

During the Accumulation Period, the death benefit will be paid to your Beneficiary(ies) upon your death, or the first death of a Joint Owner. If the
Contract is owned by a non-natural person, the Annuitant will be deemed the Owner for purposes of determining the death benefit. 
 Death Benefit Amount During the
Accumulation Period 
 The “Death Benefit Amount” is the Account Value, as defined under the Account Value Provisions above, determined
as of the end of the Business Day on which we have received Notice of both due proof of death and the first acceptable election for the payment method. 
 Death
Benefit Options During the Accumulation Period 
 In the event an Owner (or the Annuitant where the Owner is not an individual) dies during the
Accumulation Period, a Beneficiary must choose payment of the death benefit under one of the options below (unless the Owner has previously chosen an option). The death benefit options available under the Contract include the following and any other
options acceptable to you and us: 
 Option 1 - lump sum payment of the death benefit; or 

Option 2 - the payment of the entire death benefit within five years of the date of death of the Owner or the first Joint Owner to die; or 

Option 3 - payment of the death benefit under an Annuity Option or other periodic payment option acceptable to us in substantially equal periodic
payments (made at least annually) over the lifetime of the Beneficiary or over a period not extending beyond the life expectancy of the Beneficiary with distribution beginning within one year of the date of death of the Owner or the first Joint
Owner to die. 
 Any portion of the death benefit not applied under Option 3 within one (1) year of the date of the Owner’s or Joint
Owner’s death must be distributed within five years of the date of death. 
 Beneficiary Continuation Options During Accumulation Period 

We offer two types of Beneficiary Continuation Options during the Accumulation Period: the Spousal Continuation and Non-Spousal Beneficiary Continuation
Options described below. We must receive Notice of the election of one of these Beneficiary Continuation Options by the end of the 90th day after we receive Notice of due proof of death. If the surviving spouse qualifies for Spousal Continuation and
has not chosen one of the death benefit options above by the end of the 90 day period, the Spousal Continuation Option will be automatically applied on the 90th day. If a Non-Spousal Beneficiary qualifies for Non-Spousal Beneficiary Continuation and
has not chosen one of the death benefit options above by the end of the 90 day period, the Non-Spousal Beneficiary Continuation Option will be automatically applied on the 90th day. 

Spousal Continuation During Accumulation Period 
 If the Owner
dies during the Accumulation Period and the Beneficiary is his or her spouse, the spouse may choose to continue the Contract in his or her own name and exercise all the Owner’s rights under the Contract. The Death Benefit Amount under the
continued contract payable upon the continuing spouse’s death will be computed as described above in the Death Benefit Amount During the Accumulation Period section. 

Non-Spousal Beneficiary Continuation During Accumulation Period 

A Beneficiary who is not a spouse can choose to continue the Contract until the fifth anniversary of the Owner’s death. The Contract can be
continued by a Beneficiary only if his or her share of the death benefit is at least equal to the Contract Minimum specified on the Contract Schedule. If the Beneficiary continues the Contract under this provision his or her share will not be paid.
It will instead be continued in the Contract on the date we determine the Death Benefit Amount. Such Beneficiary will have the right to make partial and full withdrawals of his/her share of the Contract, not subject to

  

					
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Withdrawal Charges. Such Beneficiary will also have the right to make transfers at the end of a Term as described on the Contract Schedule. 

During the continuation period the Beneficiary can choose to receive his/her share of this Contract in a single lump sum payment or apply it to an
Annuity Option or other option acceptable to us that must be payable for the life of the Beneficiary or for a term no longer than the life expectancy of the Beneficiary starting within one year after the death of the Owner. 

On the fifth anniversary of the Owner’s death any Beneficiary will be paid his/her share of the Account Value that has not been applied to an
Annuity option or other settlement option permissible under the Code, in a single lump sum payment and this Contract will terminate. 
 Death of Annuitant During
Income Period 
 Upon the death of the Annuitant during the Income Period, the remaining Income Payments, if any, will be as specified in the
Annuity Option chosen. Income Payments will be paid at least as rapidly as under the method of distribution in effect at the Annuitant’s death. 
 Death of
Owner During the Income Period 
 If the Owner (or a Joint Owner), is not the Annuitant, and dies during the Income Period, any remaining payments
under the Annuity Option will continue at least as rapidly as under the method of distribution in effect at the time of the Owner’s (or Joint Owner’s) death. Upon the death of the Owner (or a Joint Owner) during the Income Period, the
Beneficiary becomes entitled to exercise the rights of the Owner. If an Owner (or Joint Owner) is the Annuitant and dies during the Income Period, the remaining Income Payments, if any, will be as specified in the Annuity Option chosen and will
continue at least as rapidly as under the method of distribution in effect at the time of the Owner’s (or Joint Owner’s) death. 
 Death of Annuitant
During Accumulation Period 
 Upon the death of an Annuitant, who is not the Owner or Joint Owner, during the Accumulation Period, the Owner (or
Oldest Joint Owner) automatically becomes the Annuitant, unless the Owner, subject to the maximum specified age in effect at the time of request, chooses a new Annuitant. If the Owner is a non-natural person, the death of the Annuitant will be
treated as the death of an Owner (see Death of Owner During the Accumulation Period discussed above). 
 Payment of Death Benefit 

We will require Notice of both due proof of death and an acceptable election for the payment method before any death benefit is paid. Our obligations are
subject to all payments made and actions taken by us before our receipt of Notice of due proof of death. 
 ANNUITY
PROVISIONS 
 Election of Annuity Option 
 The Annuity
Option is chosen by you or your Beneficiary in a form satisfactory to us. We will automatically send you information about Annuity Options before your Annuity Date. If you do not choose an Annuity Option, make a full withdrawal by the Annuity Date,
or ask us to continue the Contract by the Annuity Date, we will automatically pay you under Option 2: Life Annuity with Ten (10) Years of Income Payments Guaranteed. You can make, change, or revoke your Annuity Option choice before the death
benefit becomes payable or the Annuity Date, whichever occurs first. 
 Annuity Options 

You may choose to receive Income Payments monthly, quarterly, semi-annually or annually. The following Annuity Options, or any other options acceptable
to you and us, may be chosen: 
 Option 1: Life Annuity 
 Income Payments
that are paid as long as the Annuitant is living. 
 Option 2: Life Annuity with 10 Years of Income Payments Guaranteed 

Income Payments that continue as long as the Annuitant is living but are guaranteed to be paid for ten years. 

Option 3: Joint and Last Survivor Life Annuity 
 Income Payments that are paid
as long as either of two Annuitants is living. 
 Option 4: Joint and Last Survivor Annuity with 10 Years of Income Payments Guaranteed 

Income Payments that continue as long as either of the two Annuitants are living but are guaranteed to be paid for ten years. 

  

					
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 If, as of the Annuity Date, the then current Annuity rates applicable to this class of contracts provide an
Income Payment greater than the one guaranteed under this Contract for the same Annuity Option, then the greater payment will be made. 
 Income Payments 

Income Payments are based upon the Annuity Option chosen, the Account Value, as defined under the Account Value Provisions above, applied to the Annuity
Option, the Annuitant’s Attained Age and sex, and the appropriate Fixed Annuity Table. 
 Frequency and Amount of Income Payments 

Income Payments will be paid as monthly installments or at any frequency acceptable to you and us. If the amount of the Account Value to be applied under
an Annuity Option is less than $5,000, we reserve the right to make one lump sum payment equal to the then current Account Value in lieu of Income Payments. If the amount of the Income Payment would be less than $100, we may reduce the frequency of
payments to an interval which will result in the payment being at least $100, but with a frequency of no less than annually. 
 Basis of Payments 

The Annuity Tables are based on the tables defined under the Annuity Option Information described in the Contract Schedule. The amount of each Income
Payment is guaranteed by us. 
 Betterment of Rates 

Annuity payments will not be less than those that would be provided by the application of the Account Value to purchase a single consideration immediate
annuity contract of the same type as the settlement option elected, which is offered by Us or our affiliates on the Annuity Date to the same class of annuitants. 

  

					
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 FIXED ANNUITY TABLES 

AMOUNT OF MONTHLY INCOME PAYMENT 
 PER $1000
OF Account Value 
 Annuitant Only 

 

 Option 1: Life Annuity 
  

 
  

					
	 Attained Age

of Annuitant
	  	Male	  	Female          
	 55
	  	2.74	  	2.59
	 60
	  	3.07	  	2.89
	 65
	  	3.50	  	3.27
	 70
	  	4.07	  	3.77
	 75
	  	4.84	  	4.45
	 80
	  	5.93	  	5.42
	 85
	  	7.50	  	6.86

 Option 2: Life Annuity with 10 

Years of Income Payments Guaranteed 
  

					
	 Attained Age

of Annuitant
	  	Male	  	Female          
	 55
	  	2.73	  	2.59
	 60
	  	3.05	  	2.88
	 65
	  	3.46	  	3.24
	 70
	  	3.99	  	3.72
	 75
	  	4.66	  	4.34
	 80
	  	5.50	  	5.16
	 85
	  	6.45	  	6.16

 
 

  
 Option 3: Joint and Last Survivor Life Annuity

  

													
	 	  	 Age of Female Annuitant

 
	  	 
	 Attained age

of Male Annuitant
	  	 10 Years

Younger
	  	 5 Years

Younger
	  	 Same

Age
	  	 5 Years

Older
	  	 10 Years

Older
	  	  
	 55
	  	2.09	  	2.21	  	2.34	  	2.45	  	2.54	  	
	 60
	  	2.26	  	2.42	  	2.57	  	2.71	  	2.82	  	
	 65
	  	2.48	  	2.67	  	2.86	  	3.04	  	3.19	  	
	 70
	  	2.75	  	3.00	  	3.25	  	3.49	  	3.69	  	
	 75
	  	3.10	  	3.42	  	3.77	  	4.09	  	4.37	  	
	 80
	  	3.55	  	4.00	  	4.48	  	4.95	  	5.33	  	
	 85
	  	4.18	  	4.82	  	5.51	  	6.17	  	6.69	  	 

 Option 4: Joint and Last Survivor Annuity with 10 Years of Income Payments Guaranteed 

 

													
	 	  	 Age of Female Annuitant

 
	  	 
	 Attained age

of Male Annuitant
	  	 10 Years

Younger
	  	 5 Years

Younger
	  	 Same

Age
	  	 5 Years

Older
	  	 10 Years

Older
	  	  
	 55
	  	2.09	  	2.21	  	2.34	  	2.45	  	2.54	  	
	 60
	  	2.26	  	2.42	  	2.57	  	2.71	  	2.82	  	
	 65
	  	2.48	  	2.67	  	2.86	  	3.04	  	3.19	  	
	 70
	  	2.75	  	2.99	  	3.25	  	3.48	  	3.68	  	
	 75
	  	3.09	  	3.42	  	3.76	  	4.08	  	4.34	  	
	 80
	  	3.55	  	3.99	  	4.45	  	4.88	  	5.19	  	
	 85
	  	4.15	  	4.76	  	5.38	  	5.89	  	6.22	  	 

 Monthly installments for ages not shown will be furnished on request 

  

					
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 INDIVIDUALSINGLE PREMIUM DEFERRED INDEX-LINKED
SEPARATE ACCOUNT ANNUITY CONTRACT 
 NONPARTICIPATING 
 NO DIVIDENDS

 BRIGHTHOUSE LIFE INSURANCE COMPANY OF NY 

(A Stock Company) 
 285 Madison Avenue 

New York, NY 10017 

Table of Contents

 CONTRACT SCHEDULE 
  

					
	 OWNER:  John Doe
	  		  	 SEX:  M        AGE AT ISSUE: 35

			
	 JOINT OWNER:  Jane Doe
	  		  	 SEX:  F         AGE AT ISSUE:
35

			
	 ANNUITANT:  John Doe
	  		  	 SEX:  M        AGE AT ISSUE: 35

			
	 CONTRACT NUMBER:  12345678
	  		  	ISSUE DATE:  February 15, 2013
			
	 PLAN TYPE:  Non-Qualified
	  		  	ANNUITY DATE:  February 15, 2068

 MAXIMUM TERMINAL ILLNESS RIDER ISSUE AGE:  75 

MAXIMUM NURSING HOME OR HOSPITAL CONFINEMENT RIDER ISSUE AGE:  75 

SINGLE PURCHASE PAYMENT:   $50,000 
 CONTRACT MINIMUM: 
$2,000 
 Minimum
Allocation:                                 $500 

SHIELD OPTIONS 
 SEPARATE
ACCOUNT:            BRIGHTHOUSE SEPARATE ACCOUNT SA II 
 Shield Options and Indices by Term
Available at Issue: 
 Each Shield Option will have an associated Cap Rate or a Step Rate. 

 

					
	Shield Options
	Term	  	Index	  	Minimum Guaranteed Cap/Step Rate
	Shield 10
	 1 Year Term
	  	 S&P 500® Index 1
 S&P 500® Index Step Rate
 Russell 2000® Index 2
 Russell 2000® Index Step Rate

MSCI EAFE Index3
 MSCI EAFE Index
Step Rate
	  	
2.00%
 1.50%

2.00%
 1.50%

2.00%
 1.50%

 Index-linked returns do not include the portion of returns generated by dividends; and the elements used in determining
the credited rate from the index are not guaranteed and can be changed by the Company, subject to any contract guarantees, and any such changes can affect the return. 

FIXED ACCOUNT 
  

			
	     Initial Interest Rate*:
	  	1.00% annually
		
	     Interest Rate Term:
	  	1 year
		
	     Minimum Guaranteed Interest Rate**:
	  	1.00 % annually

  
 *
 Initial Interest Rate – the interest rate credited to your initial allocation to the Fixed Account during the Interest Rate Term beginning on the Issue Date. 

**  We reserve the right with 30 days advance written notice to restrict transfers and allocations into the Fixed Account during the Transfer Period
if the declared interest rate that would apply equals the Minimum Guaranteed Interest Rate. We will provide you notice if these restrictions on transfers and allocations are subsequently lifted. 

  

					
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Table of Contents

 Any paid-up annuity, cash surrender value, or death benefits that are available under this contract will
not be less than the minimum benefits required by the statutes of the state in which this contract is delivered. 
 TRANSFER REQUIREMENTS: 

TRANSFER PERIOD: 
 The 5 Calendar Days following the Contract
Anniversary coinciding with the end of the Term for each applicable Shield Option and/or the end of the Interest Rate Term for the Fixed Account. 
 TRANSFERS:

 During the Accumulation Period you may only make a transfer to the Fixed Account and to a new Shield Option(s) during the Transfer Period,
subject to availability. The effective date of such transfer is the first day of the Fixed Account Interest Rate Term and/or Shield Option(s) to which the transfer is made. 

At the end of the Term, the Investment Amount will automatically be renewed into the same Shield Option unless you elect to transfer into a different
Shield Option or the Fixed Account Option at that time. If the Shield Option is no longer available at the end of the existing Term, these amounts will automatically transfer into the Fixed Account at the end of the Term unless otherwise directed by
You. If the Fixed Account is not available, these amounts will automatically transfer into the Shield Option with, in order of priority, the shortest Term, the highest Shield Rate, and the lowest Cap Rate from the Shield Options available at the end
of the Term unless otherwise directed by You. 
 At the end of the Interest Rate Term, the Fixed Account Value will automatically be renewed into the
Fixed Account unless you elect to transfer into a Shield Option at that time. If the Fixed Account is no longer available at the end of the existing Fixed Account Term, these amounts will automatically transfer into the Shield Option with, in order
of priority, the shortest Term, the highest Shield Rate, and the lowest Cap Rate from the Shield Options available at the end of the Interest Rate Term unless otherwise directed by You. 

BENEFICIARY: As designated by you as of the Issue Date unless changed in accordance with the Contract provisions. 

WITHDRAWALS: 
 Free Withdrawal Amount: Each Contract
Year after the first Contract Year, you may withdraw a portion of your Account Value free from any Withdrawal Charge. The Free Withdrawal Amount each Contract Year is equal to 10% of the Account Value as of the prior Contract Anniversary less the
total amount withdrawn, as described in the Withdrawal Provisions, from the Account Value in the current Contract Year. The Free Withdrawal Amount is non-cumulative and is not carried over to other Contract Years. 

Withdrawal Charge: The Withdrawal Charge is a percentage of the amount withdrawn from the Account Value in a Contract Year in excess of the Free
Withdrawal Amount. The Withdrawal Charge is calculated at the time of each withdrawal using the appropriate withdrawal charge percentage from the following schedule: 
  

							
	 	 	            WITHDRAWAL CHARGE PERCENTAGES	 	 
				
	 	 	             Number of Complete

            Contract Years Since Issue

            Date
	 	  % Charge	 	 
		 	0	 	  7%	 	
		 	1	 	  7%	 	
		 	2	 	  6%	 	
		 	3	 	  5%	 	
		 	4	 	  4%	 	
		 	5	 	  3%	 	
		 	              6 or more	 	  0%	 	

 In addition to any waiver of Withdrawal Charges set forth in the Contract or Rider(s), no Withdrawal Charge will be
deducted from the Account Value in the event of: 
  

  

					
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Table of Contents

	1.	Maturity of the Contract; or 

	2.	Payment of the Death Benefit; or 

	3.	Application of your Account Value to an Annuity Option; or 

	4.	If the withdrawal is required for you to avoid Federal Income Tax penalties or to satisfy Federal Income Tax rules concerning minimum distribution requirements that apply to this annuity (except for RMDs on a decedent
Roth IRA.) For purposes of this exception, we assume that this annuity is the only contract or funding vehicle from which distributions are required to be taken, and we will ignore all other Account Values; or 

	5.	If you properly “re-characterize” as permitted under Federal Tax Law your traditional IRA deferred annuity or Roth IRA deferred annuity issued by us; or 

	6.	If we agree in writing that none will apply. We may waive the Withdrawal Charge if you directly transfer the amount withdrawn to a Brighthouse Life Insurance Company of NY or Brighthouse Financial affiliate annuity
contract pre-approved by us. 

 Minimum Partial
Withdrawal:             $500.00 
 Minimum Account Value which must remain in the Contract after a
Partial Withdrawal: $2,000.00 
 ANNUITY OPTION INFORMATION: 

	1.	 The Annuity Date must be the first day of a calendar month. Unless otherwise directed by you, the Annuity Date is the
first day of the calendar month following the Annuitant’s 90th birthday or 10 years from the Issue Date, whichever is later, or a later date if we agree. 

	2.	 The Annuity Date must not be less than 13 months from the Issue Date. 

	3.	 For Income Payments, the Fixed Annuity Tables are based on the Annuity 2000 Mortality Table with 15 years of mortality
improvement based upon projection Scale AA, a 7 year age setback and interest at 1.00%. 

 ANNUITY SERVICE OFFICE: 

Brighthouse Life Insurance Company of NY 
 P.O. Box 10366 

Des Moines, IA   50306-0366 
 (800) 777-5897 

  

					
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Table of Contents

 ENDORSEMENTS AND RIDERS ATTACHED TO THIS CONTRACT: 

Fixed Account Rider 
 Death Benefit Rider – Return of Premium 

Waiver of Withdrawal Charge for Nursing Home Confinement Rider 
 Waiver of Withdrawal
Charge for Terminal Illness Rider 
 Individual Retirement Annuity Qualification Rider 

Roth Individual Retirement Annuity (“Roth IRA”) Endorsement 
 Individual
Non-Qualified Annuity Endorsement 
 Designated Beneficiary Non-Qualified Endorsement 

  

					
	 BL-22495-NY (5/17)-6yr
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Table of Contents

 1The S&P 500 Index is a product of S&P Dow
Jones Indices LLC (“SPDJI”), and has been licensed for use by affiliates of Brighthouse Financial, Inc. including Brighthouse Services, LLC and Brighthouse Life Insurance Company of NY (collectively, “Brighthouse Financial”).
Standard & Poor’s®, S&P® and S&P 500® are registered
trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”);
and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Brighthouse Financial. The product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates
(collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the product or any member of the public regarding the advisability of investing in securities
generally or in product particularly or the ability of the S&P 500 Index to track general market performance. S&P Dow Jones Indices’ only relationship to Brighthouse Financial with respect to the S&P 500 Index is the licensing of
the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices or its licensors. The S&P 500 Index is determined, composed and calculated by S&P Dow Jones Indices without regard to Brighthouse Financial or
the product. S&P Dow Jones Indices have no obligation to take the needs of Brighthouse Financial or the owners of the product into consideration in determining, composing or calculating the S&P 500 Index. S&P Dow Jones Indices is not
responsible for and has not participated in the determination of the prices, and amount of the product or the timing of the issuance or sale of the product or in the determination or calculation of the equation by which product is to be converted
into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the product. There is no assurance that investment products based on the
S&P 500 Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones
Indices to buy, sell, or hold such security, nor is it considered to be investment advice. Notwithstanding the foregoing, CME Group Inc. and its affiliates may independently issue and/or sponsor financial products unrelated to The product currently
being issued by Brighthouse Financial, but which may be similar to and competitive with the product. In addition, CME Group Inc. and its affiliates may trade financial products which are linked to the performance of the S&P 500 Index. 

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500 INDEX OR ANY DATA RELATED
THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS,
OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY BRIGHTHOUSE
FINANCIAL, OWNERS OF THE PRODUCT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500 INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE
LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN
CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND BRIGHTHOUSE FINANCIAL, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES. 

2The product is not sponsored, endorsed, sold or promoted by Frank Russell Company
(“Russell”). Russell makes no representation or warranty, express or implied, to the owners of the product or any member of the public regarding the advisability of investing in securities generally or in the product particularly or the
ability of the Russell 2000® Index to track general stock market performance or a segment of the same. Russell’s publication of the Russell 2000® Index in no way suggests or implies an opinion by Russell as to the advisability of investment in any or all of the securities upon which the Russell 2000® Index is based. Russell’s only relationship to affiliates of Brighthouse Financial, Inc. including Brighthouse Services, LLC and Brighthouse Life Insurance Company of NY (collectively,
“Brighthouse Financial”) is the licensing of certain trademarks and trade names of Russell and of the Russell 2000® Index which is determined, composed and calculated by Russell
without regard to Brighthouse Financial or the product. Russell is not responsible for and has not reviewed the product nor any associated literature or publications and Russell makes no representation or warranty express or implied as to their
accuracy or completeness, or otherwise. Russell reserves the right, at any time and without notice, to alter, amend, terminate or in any way change the Russell 2000® Index. Russell has no
obligation or liability in connection with the administration, marketing or trading of the product. 

  

					
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Table of Contents

 RUSSELL DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE RUSSELL 2000® INDEX OR ANY DATA INCLUDED THEREIN AND RUSSELL SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. RUSSELL MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE
OBTAINED BY BRIGHTHOUSE FINANCIAL, INVESTORS, OWNERS OF THE PRODUCT OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE RUSSELL 2000® INDEX OR ANY DATA INCLUDED THEREIN. RUSSELL MAKES NO EXPRESS
OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE RUSSELL 2000® INDEX OR ANY DATA INCLUDED
THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL RUSSELL HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. 

3THE PRODUCT IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MSCI INC. (“MSCI”),
ANY OF ITS AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED IN, OR RELATED TO, COMPILING, COMPUTING OR CREATING ANY MSCI INDEX (COLLECTIVELY, THE “MSCI PARTIES”). THE MSCI INDEXES ARE THE EXCLUSIVE
PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY AFFILIATES OF BRIGHTHOUSE FINANCIAL, INC. INCLUDING BRIGHTHOUSE SERVICES, LLC AND BRIGHTHOUSE LIFE
INSURANCE COMPANY OF NY (COLLECTIVELY, “BRIGHTHOUSE FINANCIAL”). NONE OF THE MSCI PARTIES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY REGARDING THE
ADVISABILITY OF INVESTING IN PRODUCTS GENERALLY OR IN THIS PRODUCT PARTICULARLY OR THE ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE
NAMES AND OF THE MSCI INDEXES WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY MSCI WITHOUT REGARD TO THIS PRODUCT OR THE ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY. NONE OF THE MSCI PARTIES HAS ANY OBLIGATION TO TAKE THE NEEDS
OF THE ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE MSCI INDEXES. NONE OF THE MSCI PARTIES IS RESPONSIBLE FOR OR HAS PARTICIPATED IN THE DETERMINATION OF THE TIMING
OF, PRICES AT, OR QUANTITIES OF THIS PRODUCT TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY OR THE CONSIDERATION INTO WHICH THIS PRODUCT IS REDEEMABLE. FURTHER, NONE OF THE MSCI PARTIES HAS ANY OBLIGATION OR LIABILITY TO THE
ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR OFFERING OF THIS PRODUCT. 

ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE MSCI INDEXES FROM SOURCES THAT MSCI CONSIDERS RELIABLE,
NONE OF THE MSCI PARTIES WARRANTS OR GUARANTEES THE ORIGINALITY, ACCURACY AND/OR THE COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE
ISSUER OF THE PRODUCT, OWNERS OF THE PRODUCT, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN
CONNECTION WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE OF THE MSCI PARTIES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND, AND THE MSCI PARTIES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A
PARTICULAR PURPOSE, WITH RESPECT TO EACH MSCI INDEX AND ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY
OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. 

  

					
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Table of Contents

 No purchaser, seller or holder of the product, or any other person or entity, should use or refer to any
MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this security without first contacting MSCI to determine whether MSCI’s permission is required. Under no circumstances may any person or entity claim any
affiliation with MSCI without the prior written permission of MSCI. 

  

					
	 BL-22495-NY (5/17)-6yr
	  	3G

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