Common use of Interest Rate Basis Clause in Contracts

Interest Rate Basis. We currently expect to issue floating rate notes that bear interest at rates based on one or more of the following interest rate bases: • commercial paper rate; • U.S. prime rate; • LIBOR; • EURIBOR; • Treasury rate; • Constant maturity treasury (“CMT”) rate; • Certificate of deposit (“CD”) rate; • Constant maturity swap (“CMS”) rate; • federal funds rate; • Consumer price index (“CPI”) rate; and/or • any other rate as specified in the applicable pricing supplement. We describe each of the interest rate bases in further detail below in this subsection. If you purchase a floating rate note, your pricing supplement will specify the interest rate basis that applies to your note (which may or may not be one of the interest rate bases described below).