Bond European Investment Bank (EIB) 0% ( US298785HU32 ) in USD

European Investment Bank (EIB)

100 % ▼

Luxembourg

US298785HU32 ( in USD )

08/10/2021 - Bond has expired

Prospectus brochure of the bond European Investment Bank (EIB) US298785HU32 in USD 0%, expired

1 000 USD

1 000 000 000 USD

298785HU3

The European Investment Bank (EIB) is the European Union's long-term lending institution, financing projects that contribute to EU policy objectives.

The Bond issued by European Investment Bank (EIB) ( Luxembourg ) , in USD, with the ISIN code US298785HU32, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Bond maturity is 08/10/2021

PROSPECTUS SUPPLEMENT
FILED PURSUANT TO RULE 424(B)(5)
REGISTRATION NO. 333-223825
(To Prospectus Dated May 18, 2018)

$1,000,000,000 SOFR-Linked Floating Rate Notes Due 2021
_______________________
Interest payable on January 8, April 8, July 8 and October 8 of each year, commencing January 8, 2019.
_______________________
The SOFR-Linked Floating Rate Notes due 2021 offered hereby (the "Notes") will mature on October 8,
2021. The EIB will not have the right to redeem the Notes before their scheduled maturity.
_______________________
Application has been made for the Notes to be admitted to the official list of and to trading on the Bourse
de Luxembourg, which is the regulated market of the Luxembourg Stock Exchange.
_______________________
PRICE OF THE NOTES 100.000% AND ACCRUED INTEREST, IF ANY
_______________________
Underwriters
Discounts and
Proceeds to

Price to Public
Commissions
the EIB
Per Note .......................................................................
100.000%
0.050%
99.950%
Total .............................................................................
$1,000,000,000
$500,000
$999,500,000
_______________________
The United States Securities and Exchange Commission, state securities regulators, the Luxembourg
Stock Exchange or any foreign governmental agencies have not approved or disapproved these Notes, or
determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any
representation to the contrary is a criminal offense.
The Underwriters below expect to deliver the Notes to purchasers in book-entry form only, through The
Depository Trust Company ("DTC"), on December 5, 2018.
_______________________
CITIGROUP
TD SECURITIES
_______________________
November 28, 2018

TABLE OF CONTENTS
Prospectus Supplement

Prospectus

Page

Page
Where You Can Find More Information
S-3
About this Prospectus
3
Filings
S-3
Where You Can Find More Information
3
Summary of the Offering
S-5
Forward-Looking Statements
5
Application of Proceeds
S-8
The European Investment Bank
6
Description of Notes
S-8
Use of Proceeds
9
Underwriters
S-14
Description of Securities
10
Validity of the Notes
S-15
Plan of Distribution
17
Experts
S-16
Currency Conversions and Foreign Exchange Risks 17
General Information
S-16
Taxation
19

Legal Opinions
24

Experts
24

Enforcement of Civil Liabilities Against the EIB
25

Authorized Representative in the United States
26

You should rely only on the information contained in this prospectus supplement and the accompanying
prospectus. We have not authorized anyone to provide you with information different from that contained in this
prospectus supplement and the accompanying prospectus. We are offering to sell Notes and making offers to buy
Notes only in jurisdictions where offers and sales are permitted. The information contained in this prospectus
supplement and the accompanying prospectus is accurate only as of the date of this prospectus supplement,
regardless of the time of delivery of this prospectus supplement and the accompanying prospectus or any sale of
the Notes.
The information set forth herein, except the information appearing under the heading "Underwriters", is stated
on the authority of the President of the EIB, acting in his duly authorized official capacity as President.
If we use a capitalized term in this prospectus supplement and do not define the term in this document, it is
defined in the accompanying prospectus.
The Notes are offered globally for sale in those jurisdictions in the United States, Canada, Europe, Asia and
elsewhere where it is lawful to make offers. See "Underwriters".
This prospectus supplement and the accompanying prospectus include particulars given in compliance with
the rules governing admission of securities to the official list of and to trading on the Bourse de Luxembourg,
which is the regulated market of the Luxembourg Stock Exchange, for the purpose of giving information with
regard to the EIB. This prospectus supplement and the accompanying prospectus do not constitute a "prospectus
supplement" or "prospectus", respectively, within the meaning of the Luxembourg law of July 10, 2005 (as
amended) on securities prospectuses. The EIB accepts full responsibility for the accuracy of the information
contained in this prospectus supplement and the accompanying prospectus and confirms, having made all
reasonable inquiries, that to the best of its knowledge and belief there are no other facts the omission of which
would make any statement herein or in the prospectus misleading in any material respect.
We cannot guarantee that listing will be obtained on the Luxembourg Stock Exchange. Inquiries regarding
our listing status on the Luxembourg Stock Exchange should be directed to our Luxembourg listing agent, Banque
Internationale à Luxembourg S.A., 69, Route d'Esch, L-2953 Luxembourg, Grand Duchy of Luxembourg.
The distribution of this prospectus supplement and prospectus and the offering of the Notes in certain
jurisdictions may be restricted by law. Persons into whose possession this prospectus supplement and the
prospectus come should inform themselves about and observe any such restrictions. This prospectus supplement
and the prospectus do not constitute, and may not be used in connection with, an offer or solicitation by anyone in
any jurisdiction in which such offer or solicitation is not authorized or in which the person making such offer or
solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation. See
"Underwriters".
S-2

WHERE YOU CAN FIND MORE INFORMATION
The registration statement, including the attached exhibits and schedules, contains additional relevant
information about the Notes. The rules and regulations of the SEC allow us to omit certain information included in
the registration statement from this prospectus.
In addition, we file reports and other information with the SEC under the U.S. Securities Exchange Act of
1934, as amended. You may read and copy this information at the following location of the SEC:
Public Reference Room
100 F Street, N.E.
Washington, D.C. 20549
You may also obtain copies of this information by mail from the Public Reference Section of the SEC, 100 F
Street, N.E., Washington, D.C. 20549, at prescribed rates. You may obtain information on the operation of the
Public Reference Room by calling the SEC at 1-800-SEC-0330. All filings made after December 15, 2002 are also
available online through the SEC's EDGAR electronic filing system. Access to EDGAR can be found on the
SEC's website, at http://www.sec.gov.
The SEC allows us to "incorporate by reference" information into this prospectus. This means that we can
disclose important information to you by referring you to another document filed separately with the SEC. The
information incorporated by reference is considered to be a part of this prospectus, except for any information that
is superseded by information that is included directly in this document or in incorporated documents of a later
date.
This prospectus supplement incorporates by reference the documents listed below that the EIB previously
filed with the SEC. They contain important information about us. All other documents which the EIB previously
filed with the SEC, including those listed under the heading "Where You Can Find More Information" in the
accompanying prospectus, have been superseded by these documents.
FILINGS
Annual Reports on Form 18-K ....................................... · For the fiscal year ended December 31, 2017, as filed
with the SEC on May 3, 2018 (File No. 001-05001)
· For the fiscal year ended December 31, 2016, as filed
with the SEC on April 27, 2017 (File No. 001-05001)
Amendments on Form 18-K/A ...................................... · Amendment No. 1 to the Annual Report on Form 18-

K/A for the fiscal year ended December 31, 2017, as

filed with the SEC on July 17, 2018 (File No. 001-
05001)
· Amendment No. 3 to the Annual Report on Form 18-
K/A for the fiscal year ended December 31, 2017, as
filed with the SEC on August 8, 2018 (File No. 001-
05001)
· Amendment No. 4 to the Annual Report on Form 18-
K/A for the fiscal year ended December 31, 2017, as
filed with the SEC on September 12, 2018 (File No.
001-05001)
· Amendment No. 5 to the Annual Report on Form 18-
K/A for the fiscal year ended December 31, 2017, as
filed with the SEC on October 10, 2018 (File No. 001-
05001)
· Amendment No. 6 to the Annual Report on Form 18-
K/A for the fiscal year ended December 31, 2017, as
filed with the SEC on October 30, 2018 (File No. 001-
05001)
S-3

· Amendment No. 1 to the Annual Report on Form 18-
K/A for the fiscal year ended December 31, 2016, as
filed with the SEC on May 24, 2017 (File No. 001-
05001)
· Amendment No. 2 to the Annual Report on Form 18-
K/A for the fiscal year ended December 31, 2016, as
filed with the SEC on June 12, 2017 (File No. 001-
05001)
· Amendment No. 4 to the Annual Report on Form 18-
K/A for the fiscal year ended December 31, 2016, as
filed with the SEC on August 3, 2017 (File No. 001-
05001)
· Amendment No. 5 to the Annual Report on Form 18-
K/A for the fiscal year ended December 31, 2016, as
filed with the SEC on October 18, 2017 (File No. 001-
05001)
· Amendment No. 6 to the Annual Report on Form 18-
K/A for the fiscal year ended December 31, 2016, as
filed with the SEC on December 8, 2017 (File No. 001-
05001)
· Amendment No. 7 to the Annual Report on Form 18-
K/A for the fiscal year ended December 31, 2016, as
filed with the SEC on January 17, 2018 (File No. 001-
05001)
· Amendment No. 8 to the Annual Report on Form 18-
K/A for the fiscal year ended December 31, 2016, as
filed with the SEC on February 13, 2018 (File No. 001-
05001)

The EIB incorporates by reference its Annual Reports filed on Form 18-K, as well as any subsequent
amendments thereto filed on Form 18-K/A to the extent such filings indicate that they are intended to be
incorporated by reference. Furthermore, the EIB incorporates by reference any other future filings made with the
SEC to the extent such filings indicate that they are intended to be incorporated by reference.
You can obtain any of the documents incorporated by reference in this document through us, or from the
SEC. Documents incorporated by reference are available from us without charge, excluding any exhibits to those
documents incorporated by reference in this prospectus supplement, by requesting them in writing or by telephone
from us at the following address and telephone number:
Capital Markets Department
European Investment Bank
98-100, Boulevard Konrad Adenauer
L-2950 Luxembourg,
Grand Duchy of Luxembourg
Telephone: (352) 4379-1
If you request any incorporated documents from us, we will mail them to you by first class mail, or another
equally prompt means, within one business day after we receive your request. This prospectus supplement and the
accompanying prospectus will be published on the website of the Luxembourg Stock Exchange at
http://www.bourse.lu.
S-4

SUMMARY OF THE OFFERING
The following summary is qualified in its entirety by, and should be read in conjunction with, the more detailed
information appearing elsewhere in this prospectus supplement and the prospectus.
Issuer ...............................................
European Investment Bank.
Securities Offered .............................
$1,000,000,000 principal amount of SOFR-Linked Floating Rate Notes
Due 2021 (the "Notes").
Maturity Date ....................................
October 8, 2021.
Interest Payment Dates .....................
January 8, April 8, July 8 and October 8 of each year, subject to the
Business Day Convention (as defined below), commencing January 8,
2019 (short first coupon for the period from, and including,
December 5, 2018 to, but excluding, January 8, 2019).
Interest Determination Dates ............
The day that is the fourth U.S. Government Securities Business Day (as
defined below) prior to the Interest Payment Date in respect of the
relevant Interest Period (as defined below).
Interest Rate ......................................
USD-SOFR-COMPOUND plus the Margin (each, as defined below).
The Notes will bear interest on the principal amount during each period
from, and including, an Interest Payment Date to, but excluding, the
next following Interest Payment Date (each such period, an "Interest
Period"); provided that the first Interest Period will begin on and
include December 5, 2018 and will end on, but exclude January 8, 2019
(short first coupon).
Margin ..............................................
+0.320% per annum.
Reset Dates .......................................
Each U.S. Government Securities Business Day in the relevant Interest
Period, other than any U.S. Government Securities Business Day in the
period from, and including, the day following the Interest Determination
Date to, but excluding, the corresponding Interest Payment Date (such
period, the "Cut-off Period"). For any U.S. Government Securities
Business Day in the Cut-off Period, the Secured Overnight Financing
Rate (as defined below) in respect of the U.S. Government Securities
Business Day immediately preceding the last Reset Date in the relevant
Interest Period (such last Reset Date coinciding with the Interest
Determination Date) shall apply.
USD-SOFR-COMPOUND ...............
USD-SOFR-COMPOUND means the rate of return of a daily
compound interest investment (with the Secured Overnight Financing
Rate (as defined below) as the reference rate for the calculation of
interest) and will be calculated by Citibank, N.A., London Branch (the
"Calculation Agent") on each Interest Determination Date as follows,
with the resulting percentage being rounded, if necessary, to the nearest
one hundred-thousandth of a percentage point, 0.0000005 being
rounded upwards:
1 360 1 360
S-5

where:
" ", for any Interest Period, means the number of U.S. Government
Securities Business Days in the relevant Interest Period;
" " means a series of whole numbers from one to , each representing
the relevant U.S. Government Securities Business Days in chronological
order from, and including, the first U.S. Government Securities
Business Day in the relevant Interest Period;
"
" means
(a) for any U.S. Government Securities Business Day that is a
Reset Date, the Secured Overnight Financing Rate in respect of
the U.S. Government Securities Business Day immediately
preceding such Reset Date, and
(b) for any U.S. Government Securities Business Day that is not
a Reset Date (i.e., a U.S. Government Securities Business Day
in the Cut-off Period), the Secured Overnight Financing Rate
in respect of the U.S. Government Securities Business Day
immediately preceding the last Reset Date of the relevant
Interest Period (such last Reset Date coinciding with the
Interest Determination Date);
" ", for any U.S. Government Securities Business Day , means the
number of calendar days from, and including, such U.S. Government
Securities Business Day up to, but excluding, the following U.S.
Government Securities Business Day; and
" " means the number of calendar days in the relevant Interest Period.
Secured Overnight Financing Rate ...
The daily secured overnight financing rate as provided by the Federal
Reserve Bank of New York, as the administrator of such rate (or any
successor administrator of such rate) on the website of the Federal
Reserve Bank of New York currently at http://www.newyorkfed.org, or
any successor website of the Federal Reserve Bank of New York, on or
about 5:00 p.m. (New York City time) on each U.S. Government
Securities Business Day in respect of the U.S. Government Securities
Business Day immediately preceding such day. The Secured Overnight
Financing Rate will be determined by the Calculation Agent in
accordance with the provisions set forth below under "Description of
Notes--General".
Fallback Provisions for Secured
If the daily secured overnight financing rate does not appear on a U.S.
Overnight Financing Rate .................
Government Securities Business Day as specified under "--Secured
Overnight Financing Rate" above, then the provisions set forth under
"Description of Notes--General" shall apply to the Notes.
Interest Amount ................................
The Calculation Agent will, on each Interest Determination Date,
determine the Interest Rate and calculate the amount of interest payable
on the Notes for the relevant Interest Period (the "Interest Amount").
Each Interest Amount shall be calculated by applying the Interest Rate
and the Day Count Fraction to the aggregate principal amount of the
Notes and rounding the resultant figure to the nearest cent, with one half
S-6

of one cent being rounded upwards.
Business Days ...................................
New York.
Business Day Convention .................
Following, adjusted. See "Description of Notes--General".
U.S. Government Securities Business
Any day, except for a Saturday, Sunday or a day on which the Securities
Day ...................................................
Industry and Financial Markets Association recommends that the fixed
income departments of its members be closed for the entire day for
purposes of trading in U.S. government securities.
Day Count Fraction ..........................
Actual/360.
Redemption .......................................
The Notes are not subject to redemption prior to maturity.
Markets .............................................
The Notes are offered for sale in those jurisdictions in the United States,
Canada, Europe, Asia and elsewhere where it is legal to make such
offers. See "Underwriters".
Listing ...............................................
Application has been made for the Notes to be admitted to the official
list of and to trading on the Bourse de Luxembourg, which is the
regulated market of the Luxembourg Stock Exchange.
Form, Registration and Settlement ...
The Notes will be represented by the Global Note registered in the name
of Cede & Co. as nominee for DTC. The Global Note will be deposited
with a custodian for DTC. Except as described in this prospectus,
beneficial interests in the Global Note will be represented through
accounts of financial institutions acting on behalf of the beneficial
owners as direct and indirect participants in DTC. Investors may elect to
hold interests in the Global Note through DTC, if they are participants
in DTC, or indirectly through organizations that are participants in
DTC. Owners of beneficial interests in the Global Note will not be
entitled to have Notes registered in their names and will not receive or
be entitled to receive physical delivery of definitive Notes in bearer
form. Initial settlement for the Notes will be made in immediately
available funds in dollars. See "Description of Securities--Book-Entry
System" in the accompanying prospectus.
Withholding Tax ...............................
The EIB has been advised that under current United States tax law
payments of principal of and interest on the Notes may generally be
made by the EIB without withholding or deduction for United States
withholding taxes. For further details with respect to this and relevant
European tax measures, see under the heading "Taxation" in the
accompanying prospectus.

S-7

APPLICATION OF PROCEEDS
The net proceeds of $999,500,000 from the sale of the Notes offered hereby will be used in the general
operations of the EIB, including disbursements of loans heretofore or hereafter granted by the EIB.
DESCRIPTION OF NOTES
The following description of the particular terms of the SOFR-Linked Floating Rate Notes due 2021 offered
hereby (the "Notes", referred to in the accompanying prospectus as the "Securities") supplements, and to the extent,
if any, inconsistent therewith replaces, the description of the general terms and provisions to the Securities set forth
in the accompanying prospectus to which description reference is hereby made. Such descriptions do not purport to
be complete and are qualified in their entirety by reference to the Fiscal Agency Agreement, copies of which are
available for inspection at the Fiscal Agent's office at Citigroup Centre, Canada Square, Canary Wharf, London E14
5LB, United Kingdom, and to the form of Global Note filed by the EIB with the SEC.
General
The Notes will be issued under a fiscal agency agreement dated as of May 18, 2018 (the "Fiscal Agency
Agreement", as described in the accompanying prospectus), between the EIB and Citibank, N.A., London Branch,
as fiscal agent (the "Fiscal Agent").
The Notes will bear interest on the principal amount during each period from, and including, an Interest
Payment Date (as defined below) to, but excluding, the next following Interest Payment Date (each such period, an
"Interest Period"); provided that the first Interest Period will begin on and include December 5, 2018 and will end
on, but exclude January 8, 2019 (short first coupon). Interest on the Notes shall be payable on each Interest Payment
Date. The Interest Rate (as defined below) applicable for an Interest Period will be determined on the applicable
interest determination date, which will be the day that is the fourth day, excluding any day that is a Saturday, Sunday
or a day on which the Securities Industry and Financial Markets Association recommends that the fixed income
departments of its members be closed for the entire day for purposes of trading in U.S. government securities (such
day, a "U.S. Government Securities Business Day"), prior to the Interest Payment Date in respect of the relevant
Interest Period (the "Interest Determination Date"). The Notes will mature on October 8, 2021 (the "Maturity
Date").
The interest payment dates for the Notes will be January 8, April 8, July 8 and October 8 of each year (each, an
"Interest Payment Date"), subject to the business day convention described below, with the initial payment on
January 8, 2019 (short first coupon for the period from, and including, December 5, 2018 to, but excluding,
January 8, 2019), to persons in whose names the Notes are registered at the close of business on the date that is ten
calendar days prior to each Interest Payment Date (the "Record Date"). The Record Date may be changed by
agreement among the EIB, the Fiscal Agent, any paying agent and all applicable securities clearing systems. The
Notes will bear interest from December 5, 2018. Whenever it is necessary to compute any amount of interest in
respect of the Notes for any period of time, such interest shall be calculated on the basis of the actual number of days
in that period divided by 360 (the "Day Count Fraction"). The Notes are not subject to any sinking fund or to
redemption prior to maturity. Registration or transfer of Notes will be effected without charge to the holders thereof.
The rate of interest applicable to the Notes will be USD-SOFR-COMPOUND plus a margin of +0.320% per
annum (the "Margin", and together, the "Interest Rate"). USD-SOFR-COMPOUND means the rate of return of a
daily compound interest investment (with the Secured Overnight Financing Rate (as defined below) as the reference
rate for the calculation of interest) and will be calculated by Citibank, N.A., London Branch (the "Calculation
Agent") on each Interest Determination Date as follows, with the resulting percentage being rounded, if necessary,
to the nearest one hundred-thousandth of a percentage point, 0.0000005 being rounded upwards:

1 360 1 360S-8

where:
" ", for any Interest Period, means the number of U.S. Government Securities Business Days in the relevant
Interest Period;
" " means a series of whole numbers from one to , each representing the relevant U.S. Government Securities
Business Days in chronological order from, and including, the first U.S. Government Securities Business Day in the
relevant Interest Period;
"
" means
(a) for any U.S. Government Securities Business Day that is a Reset Date (as defined below), the
Secured Overnight Financing Rate in respect of the U.S. Government Securities Business Day
immediately preceding such Reset Date, and
(b) for any U.S. Government Securities Business Day that is not a Reset Date (i.e., a U.S. Government
Securities Business Day in the Cut-off Period), the Secured Overnight Financing Rate in respect of the
U.S. Government Securities Business Day immediately preceding the last Reset Date of the relevant
Interest Period (such last Reset Date coinciding with the Interest Determination Date);
" ", for any U.S. Government Securities Business Day , means the number of calendar days from, and
including, such U.S. Government Securities Business Day up to, but excluding, the following U.S. Government
Securities Business Day; and
" " means the number of calendar days in the relevant Interest Period.
"Reset Date" means each U.S. Government Securities Business Day in the relevant Interest Period, other than
any U.S. Government Securities Business Day in the period from, and including, the day following the Interest
Determination Date to, but excluding, the corresponding Interest Payment Date (such period, the "Cut-off Period").
For any U.S. Government Securities Business Day in the Cut-off Period, the Secured Overnight Financing Rate (as
defined below) in respect of the U.S. Government Securities Business Day immediately preceding the last Reset
Date in the relevant Interest Period (such last Reset Date coinciding with the Interest Determination Date) shall
apply.
"Secured Overnight Financing Rate" means:
(a) the daily secured overnight financing rate as provided by the Federal Reserve Bank of New York, as
the administrator of such rate (or any successor administrator of such rate) on the website of the
Federal Reserve Bank of New York currently at http://www.newyorkfed.org, or any successor website
of the Federal Reserve Bank of New York (the "New York Fed's Website") on or about 5:00 p.m.
(New York City time) on each U.S. Government Securities Business Day in respect of the U.S.
Government Securities Business Day immediately preceding such day;
(b) if the daily secured overnight financing rate does not appear on a U.S. Government Securities Business
Day as specified above, unless both a SOFR Index Cessation Event and a SOFR Index Cessation
Effective Date (each, as defined below) have occurred, the daily secured overnight financing rate in
respect of the last U.S. Government Securities Business Day for which such rate was published on the
New York Fed's Website; or
(c) if the daily secured overnight financing rate does not appear on a U.S. Government Securities Business
Day as specified in paragraph (a), and both a SOFR Index Cessation Event and a SOFR Index
Cessation Effective Date have occurred, the rate (inclusive of any spreads or adjustments) that was
recommended as the replacement for the daily secured overnight financing rate by the Federal Reserve
Board and/or the Federal Reserve Bank of New York or by a committee officially endorsed or
convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York for the purpose
of recommending a replacement for the daily secured overnight financing rate (which rate may be
produced by the Federal Reserve Bank of New York or other designated administrator), provided that,
S-9

if no such rate has been recommended within one U.S. Government Securities Business Day of the
SOFR Index Cessation Event, then the Interest Rate reference rate will be determined as if, for each
U.S. Government Securities Business Day occurring on or after the SOFR Index Cessation Effective
Date, (i) references to the Secured Overnight Financing Rate were references to the daily Overnight
Bank Funding Rate as provided by the Federal Reserve Bank of New York, as the administrator of
such rate (or any successor administrator of such rate), on the New York Fed's Website on or about
5:00 p.m. (New York City time) on each day on which commercial banks are open for general business
(including dealings in foreign exchange and foreign currency deposits) in New York City ("New York
City Banking Day") in respect of the New York City Banking Day immediately preceding such day
("OBFR"), (ii) references to U.S. Government Securities Business Day were references to New York
City Banking Day, (iii) references to SOFR Index Cessation Event were references to OBFR Index
Cessation Event (as defined below) and (iv) references to SOFR Index Cessation Effective Date were
references to OBFR Index Cessation Effective Date (as defined below); and provided further that, if no
such rate has been recommended within one U.S. Government Securities Business Day of the SOFR
Index Cessation Event and an OBFR Index Cessation Event has occurred, then the Interest Rate
reference rate will be determined as if, for each U.S. Government Securities Business Day occurring
on or after the later of the SOFR Index Cessation Effective Date and the OBFR Index Cessation
Effective Date, (x) references to the Secured Overnight Financing Rate were references to the short-
term interest rate target set by the Federal Open Market Committee and published on the website of the
Board of Governors of the Federal Reserve System currently at http://www.federalreserve.gov, or any
successor website of the Board of Governors of the Federal Reserve System (the "Federal Reserve's
Website") or, if the Federal Open Market Committee does not target a single rate, the mid-point of the
short-term interest rate target range set by the Federal Open Market Committee and published on the
Federal Reserve's Website (calculated as the arithmetic average of the upper bound of the target range
and the lower bound of the target range, rounded, if necessary, to the nearest second decimal place,
0.005 being rounded upwards), (y) references to U.S. Government Securities Business Day were
references to New York City Banking Day and (z) references to the New York Fed's Website were
references to the Federal Reserve's Website.
"SOFR Index Cessation Event" means the occurrence of one or more of the following events:
(a) a public statement by the Federal Reserve Bank of New York (or any successor administrator of the daily
secured overnight financing rate) announcing that it has ceased or will cease to provide the daily secured
overnight financing rate permanently or indefinitely, provided that, at that time, there is no successor
administrator that will continue to provide a daily secured overnight financing rate; or
(b) the publication of information which reasonably confirms that the Federal Reserve Bank of New York (or
any successor administrator of the daily secured overnight financing rate) has ceased or will cease to
provide the daily secured overnight financing rate permanently or indefinitely, provided that, at that time,
there is no successor administrator that will continue to provide the daily secured overnight financing rate;
or
(c) a public statement by a U.S. regulator or other U.S. official sector entity prohibiting the use of the daily
secured overnight financing rate that applies to, but need not be limited to, all swap transactions, including
existing swap transactions.
"SOFR Index Cessation Effective Date" means, in respect of a SOFR Index Cessation Event, the date on which
the Federal Reserve Bank of New York (or any successor administrator of the daily secured overnight financing
rate), ceases to publish the daily secured overnight financing rate, or the date as of which the daily secured overnight
financing rate may no longer be used.
"OBFR Index Cessation Event" means the occurrence of one or more of the following events:
(a) a public statement by the Federal Reserve Bank of New York (or any successor administrator of the OBFR)
announcing that it has ceased or will cease to provide OBFR permanently or indefinitely, provided that, at
that time, there is no successor administrator that will continue to provide OBFR; or
S-10