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Floating Rate Notes

Typical Product Disclosure for a Fixed Rate, Callable Corporate Note

Click on the link included to read the Standard Disclosure (Prospectus) that applies to this type of issue. It covers the general terms and conditions applicable to the investment. Some fixed income issues have disclosures (Prospectus) that are particular to that issue that can include details of interest calculations, market baskets or an index. Examples of an investment that would have a separate Prospectus include Market -Linked or Floating Rate notes. If there is a separate Prospectus (which could also be known as an Offering or Disclosure Statement) for an issue it will have a "Prospectus" link with the offering. Look for the Prospectus for each deal with a Prospectus through the link on the FISN Division web site or ask your FISN Division Registered Representative to send it to you. Current disclosures (Prospectus) are made available to purchasers for new issues either by mail or online after the trade date or settlement date. Disclosures/Prospectus for secondary issues were publish at the time of the original offering but may be no longer available. FISN will endeavor to supply a Prospectus for secondary market issues but cannot guarantee availability.

OVERVIEW

Floating Rate Corporate Securities are variable-rate notes purchased at the FISN Division of Landolt Securities, Inc. National Financial LLC provides Clearing, Custody and Safekeeping services for Landolt Securities. The interest rate is re-computed, usually monthly, over the life of the investment. Floating Rate notes offer a real return that keeps them up with inflation. Most notes are tied to the change in the CPI. Corporate securities offered by the FISN Division of Landolt Securities, Inc. carry an investment-grade credit rating and are liquidated in the secondary over-the counter market. Corporate issuers use brokerage firms to distribute these investments nationwide. The FISN Division of Landolt Securities, Inc. has access to inventory from most Wall Street firms. Investors can select corporate securities that meet their needs for credit quality, yield and return of principal. Even though this security is it a corporate debt security it is a complex instrument; the instrument is far more complicated than the traditional corporate bond with a fixed interest rate and maturity. Investors are urged to read the Prospectus carefully and talk to their FISN representative before selecting an investment.

PROCESS

Investors open a standard brokerage account at the FISN Division of Landolt Securities, Inc. Accounts are held at National Financial Services LLC., which provides Clearing, Custody and Safekeeping services for Landolt Securities. A brokerage account may hold many different securities. It is not necessary to open a new account for each security purchase. If you already have an FISN brokerage account, you may purchase your income investments immediately. If you have opened a new account you need to fund the account by sending a fed funds wire or a check. Once funds have been received, you may begin purchasing securities. The FISN Division of Landolt Securities, Inc. sends new account paperwork and any additional brokerage forms to the customer or they may be downloaded from our Forms page. Paperwork is returned to the FISN Division of Landolt Securities, Inc. along with the required identification. See ID requirements below. Confirmation of each securities trade and account statements are sent for each account to the investor from National Financial Services LLC on behalf of the FISN division of Landolt Securities.

CREDIT QUALITY

Issuers of Income Investments offered by the FISN Division of Landolt Securities, Inc. carry an Investment Grade credit rating. Non-Investment grade securities (a rating below BBB) are occasionally offered and are labeled as such. Low rated investments are often termed “junk” for a reason. A credit rating is the measurement of the financial strength of a bond issuer. This measurement helps an investor understand an issuer’s ability to make timely interest payments and repay the investment principal upon maturity. Generally, the higher the credit quality of a bond issuer, the lower the interest rate paid by the issuer because the perceived risk of default is lower. Credit quality ratings are provided by nationally recognized rating agencies. The securities are not bank deposits and are not FDIC insured, even when the issuer is a bank. The FDIC insures bank deposits not bank-issued securities. . The following is an explanation of the top credit ratings. The rating for each individual investment should be evaluated based the rating criteria. Both credit rating of the issuer and the credit rating of any underlying security of the investment (such as Reverse Exchangeable securities) should be considered when making an investment decision. Credit ratings fluctuate with business conditions. Upgrades and downgrades in credit ratings change the risk profile of issuers and possibility the market prices of their securities.

Investment Grade

AAA ratings denote the highest rating assigned. This rating is assigned to the "best" credit risk relative to all other issuers or issues. AA ratings denote a very strong credit risk relative to other issuers or issues. The credit risk inherent in these financial commitments differs only slightly from the highest rated issuers or issues. A ratings denote a strong credit risk relative to other issuers or issues. However, changes in circumstances or economic conditions may affect the capacity for timely repayment of these financial commitments to a greater degree than for financial commitments denoted by a higher rated category. BBB ratings denote an adequate credit risk relative to other issuers or issues. However, changes in circumstances or economic conditions are more likely to affect the capacity for timely repayment of these financial commitments than for financial commitments denoted by a higher rated category. Below Investment Grade BB ratings denote a fairly weak credit risk relative to other issuers or issues. The payment of the financial commitments is uncertain to some degree and capacity for timely repayment remains more vulnerable to adverse economic change over time. B ratings denote a significantly weak credit risk relative to other issuers or issues in the country. Financial commitments are currently being met but a limited margin of safety remains and capacity for continued timely payments is contingent upon a sustained, favorable business and economic environment. See Corporate Bond Ratings chart for a simple description and comparison of credit quality ratings issued by S&P, Moody’s and Fitch.

INVESTMENT FEATURES

Floating Rate Corporate Securities pay interest at a variable rate over the life of the investment. They are unsecured and un-subordinated obligations of the corporate issuer. These notes offer alternative investment opportunities to traditional CDs, with yields higher than floating rate CDs. The issuers are major U. S. corporations and are not FDIC insured. The FDIC insures deposits not debt of corporations even if they are banks. Interest is paid into the brokerage account where it can continue to earn interest in a money market fund account. These notes usually have a fixed term and monthly interest payments based upon a formula. Each month the interest rate is recalculated according to the formula for that particular issue-described in the Prospectus. For example: some notes pay interest monthly at a Base Rate plus the monthly CPI change that reflects the year-over-year change in the CPI; in another note, the interest rate can be calculated with a multiplier times the CPI change. The Consumer Price Index (CPI) is published monthly by the U.S. Bureau of Labor Statistics. In some structures other indexes are used instead of the CPI to calculate the interest. The rate for the initial period is always known prior to investment. In effect, the actual rate "floats" up and down with the index of the investment on a monthly basis. The adjustment may be positive or negative. Key information is the name of the issuer, the issuer credit quality, the specific index with any lag period, frequency of adjustment, the Base Rate or Multiplier and the maturity date. Each deal could be different so it is important to understand the details of each offer. Please read the Prospectus carefully for the formula used, the calculation dates and payment dates and other details particular to that issue. Interest paid into the brokerage account can be paid out via checks or electronic funds transmission straight to your local bank. You can set up a payment schedule called a "Custom Payment/Earning Plan. The form is available on the Forms page. Available cash also can be withdrawn from the account via checks, automatic teller machines or debit card. There may be fees for accounts with ATM or debit cards. See An Investor’s Guide to Corporate Bonds See A Guide to Understanding Inflation-Linked Investments See A Guide to Understanding Floating Rate Securities See Interactive LIBOR Rate Graphs over the past twenty years or an Historic Chart of LIBOR by month for the last twenty years.<

ID REQUIREMENTS

Income Investments are held in a Brokerage account of the FISN Division of Landolt Securities, Inc. Securities in Landolt Securities accounts are carried by National Financial Services LLC, Member NYSE/SIPC, a Fidelity Investments company which provides Clearing Custody and Safekeeping services. The FISN Division of Landolt Securities, Inc. is required under the Patriot Act to verify the identity of individuals and entities. Individuals are required to provide a copy of a current government issued, photo identification. Business accounts, trusts and other non-individual accounts have special requirements. Ask your FISN Representative what documents will be required to open up a particular type of account.

FEES

There are no investment fees or commissions paid by the investor for interest income investment. The issuers of the securities pay brokers to distribute their newly issued securities nationwide. New issue securities are sold at par or a price of 100.00 for each $100.00 of the issue bought by investor. Par is the face amount of the investment on which interest is earned. Most investments require a minimum purchase amount. Secondary market securities are sold net to the investor without any commissions, and are usually offered at a current market price indicating a discount or premium to par because interest rates have changed-whether up or down-since the security was first issued.

UNIQUE RISKS FOR FLOATING RATE CORPORATE SECURITIES

These floating rate securities present unique risks related to the rate adjustment features. There are multiple and varied formulas for interest calculations for the investor-from a simple CPI (Consumer Price Index) plus a percentage to an inverse floating rate tied to interest rate spreads. Some formulas are tied to an index, tied to the difference between two or more indices, tied to the reverse of the performance of an index or indices or the difference between indices. Each issue has a Prospectus detailing the formula, how calculations are made, when and at what date the rates for the formula are selected, if any caps or ceilings or floors limit the interest payment calculations, if any conditions exist when the interest will not be calculated or paid. The adjustment formula is designed to produce a real return, but that objective may not be reached; the formula may not fully accomplish this mission. The index may understate cost factors or delay the impact. The formulas may not capture the full changes in the index or indices, the index or indices do not keep pace with inflation, the indices chose do not reflect current market conditions over-all or perform in reverse of the markets that indices are based upon. Investors are urged to read the Prospectus carefully, determine what investment objectives will be met by choosing a particular formula and when, if any, conditions will determine that interest would not be paid. These are not simple investments; ask your FISN representative to help you go over these and other concern to determine if a floating rate security is right for you.

MARKET RISK

All investments held in a securities account are subject to market risk-the risk that the current market rate for investment has declined since purchase. This will affect the current market price for the security (which could be lower than initially paid) and the price an investor can receive when the investment is sold. Most fixed income investors buy with the intent to hold their investments long-term or to maturity. However, there is the potential risk that the value may fall and that transaction cost may be incurred if the item is put up for sale. This risk could become a real loss if holdings are actually sold. Market values are estimated on the FISN Division brokerage account statements produced by National Financial LLC, which provides Clearing, Custody and Safekeeping services for Landolt Securities, Inc. Many fixed income securities do not trade frequently so that these prices reflect an estimated current market price rather than an actual price of a security sale. If you wish to get a current market bid for your fixed income security, please speak to your FISN representative. It is possible that the value could rise and then it would be a market value gain. Market risk is an overall risk caused many factors such as interest rate movements, transaction cost and availability of purchasers

INTEREST RATE RISK

All investments that pay interest or dividends are subject to interest rate risk. Fixed income investments sold by the FISN Division of Landolt Securities, Inc. are included since their primary purpose is to produce income in the form of interest payments. Interest rate risk is present if interest rates are moving up from the original rate that you purchased. The amount of interest income you receive relative to the income possible from a current higher rate is the risk you take when committing yourself to a purchase. It is not realistic to assume rates will always remain at the same levels prevailing when you made the purchase-rates go up and they go down over time. The way to remember which way market value moves is simple: if rates rise, the “market” value will fall. You will likely receive less money than you paid for your purchase. When rates fall, the “market” value will rise. You will likely receive more than you paid for your investment. Purchasers in the secondary market demand the yield of previously issued investments be increased to match current levels before they buy them. Since the interest rates or formulas for interest on the investment cannot be changed, these yields are increased by reducing the price. This risk could become a real loss if the holdings are sold.

SECONDARY MARKET AVAILABILITY RISK

The sale of all investments is subject to the availability of a secondary market. The availability of secondary markets affects Income producing investments because they do not trade like stocks do on an organized and well established “market”. The risk is the lack of such an organized marketplace. Fixed Income trades in an over-the-counter marketplace which consists of sales between brokerage firms via telephone and computer. The FISN Division of Landolt Securities, Inc., though not obligated to do so, may maintain a secondary market in fixed income issues after any initial distribution. Simply stated - buyers are needed in order for the investor to sell any investment. While the FISN Division, the original distributor of the issue or any other brokerage firms active in the over-the-counter market endeavor to make a market in fixed income instruments, there is no guarantee that a buyer will be found for an investment. The risk of selling an investment is that the price a buyer is willing to pay can be greater or less than the original price paid for the investment. This risk could become a real loss if holdings are actually sold.

CALL RISK

These investments are typically not callable. However, if it is, the following would apply: All callable investments are subject to call risk. Investors should clearly understand all the call provisions of their investment. This call risk is present even if you plan to hold investments until maturity. The issuer can “call” or redeem an issue on certain call dates prior to maturity. The issuer calls the entire issue regardless of the holder. When called, the issuer returns the full principal amount with interest up to the call date. Only the issuer can exercise a call, not the account holder or the broker. Companies usually call an issue when rates have fallen and they can replace the funds at a lower rate. The risk is that, even though you get back your full principal, when you go to reinvest these funds, it will earn a current, lower rate. Never rely on a call to receive funds back from an investment early. It is possible that even if rates have fallen that the issuer will not call an issue Calls cannot be predicted since companies consider only their own funding needs and costs.

RE-INVESTMENT RISK

All fixed income investments are subject to re-investment risk. This risk is related to what you do with the funds when an investment ends, regardless of the reason. If you plan to continue investing, you have to re-enter the marketplace to find a new replacement investment. One side of this “risk” is that rates may be lower and/or fewer products are available. It is possible that rates may be higher and/or more products are available. Strategies to lessen this risk: time investment maturities close to when you might need the money, go long when rates appear high and to go short term when rates appear low. Some investors do both by laddering the maturities of their investments between long and short terms. Longer term investments capture the higher returns of longer instruments. Shorter maturities keep the remainder of your funds regularly available so rate swings are not missed.

PRINCIPAL RISK

All investments are subject to principal risk. This risk is connected to the issuer. If the financial outlook of issuer declines, the issuer’s credit rating could be downgraded or the issuer could actually default on its debt. With most debt, if the issuer is less creditworthy, the debt will fall in value. And, if the issuer cannot repay the debt at all, the investment may be near worthless. The principal value will diminish in either case. Some issues are termed “Principal Protected”. This does not imply FDIC insurance; the FDIC insures only bank deposits. This protection is furnished by the issuer and the protection is only as good as that company’s ability to pay, so the rating of the issuer is of particular importance when selecting an investment.

OVERVIEW

Fixed income securities are less liquid than trading investments such as stocks. Fixed income securities are designed to be held long term or  to maturity rather than be bought and sold. A Fixed Income investor can reclaim their funds by liquidating an investment through a variety of methods. Investments can be sold in the over-the-counter market and a few fixed income investments have a payment at death feature or “death put”.

EARLY WITHDRAWAL

Fixed income securities held in a brokerage account do not have early withdrawal rights for any reason. Fixed Income must be sold on the over-the-counter market or an applicable death put could be exercised.

INVESTMENT SALE

Fixed Income investments can be sold in the secondary “over the counter” market, which is conducted via the telephone and computer between brokerage firms. There is no mechanism such as the New York Stock Exchange where orders can be entered and a sale is guaranteed. The availability of this secondary market for fixed income investments cannot be guaranteed. There may not be buyers willing to pay an acceptable price if an investment is put up for sale. Market prices may be lower than when the original purchase was made or the current demand for a particular security type is not great. To start the sale process, the investor has to offer their investment for sale through their broker. The broker will consider whether the brokerage firm wants to hold the investment in its own inventory for resale at a later time or to sell it to another brokerage firm on the “street”. The investor can accept the price or continue to hold their investment. There is no assurance how high the “bid” price will be or that this price will be close to any estimated prices shown online or printed on recent statements. Bid prices are simply reflections of the market and business objectives of participating firms.

TRANSFERABILITY

Most Fixed Income investments held in a brokerage account can be transferred between firms. The receiving firm requests the delivering firm to transfer cash and securities between accounts registered in the same ownership name. All debits and fees need to be paid prior to a transfer. Every firm has a process including minimums, fees and forms. It is not possible for certificates to be issued and sent to owners of record. Fixed income securities do not have physical certificates, they are held as “book entry” as items on your brokerage statement.

PAYABLE ON DEATH

A few fixed income securities have a feature that permits the investment to be paid back following the death of an owner. This is also known as a “death put”. The standard privileges for refunding apply if the investment is owned by a single person or by a joint account of individuals. Other ownership forms may require investigation to determine whether they fit the circumstances necessary for payment on death The Prospectus (also known as an Offering or Terms sheet) will have the details of any death put option included in your investment. Read the prospectus carefully to insure you understand the terms and limitations of any death put feature of your investment. Remember, do not assume all fixed income investments have a death put feature, they DO NOT. Each fixed income issuer has its own program of rules and limits since there is no requirement that an issuer have any “death put” provisions at all. If applicable, the issuer usually requires a death certificate and a standard form indicating the authority of a living individual to request the payment following death for the deceased person.  Many death puts require a minimum ownership period, have limits of how much they will pay back on total death puts for a time period or over the life of the bond. The FISN Division of Landolt Securities, Inc. can assist survivors or estate officials in this process. The return of funds is not immediate and can take weeks or longer once all the paper work is submitted. The funds are simply returned to the brokerage account. The returned funds can be transferred to another brokerage account or a check can be sent.

Range Accrual Note tied to Russell 2000 Index & S&P 500 Index & EURO STOXX 50 Index – 3 Years

Maturity Date 3 Years
Interest Rate 6.23-7.23% as long as neither the Russell 2000 Index nor the S&P 500 Index nor the EURO STOXX 50 Index is down by more than 30% from its initial level
Issuer Name Goldman Sachs - S&P BBB+
Interest Payment Quarterly
Non-Callable Period 1 Year - AutoCallable

Range Accrual Note tied to Russell 2000 Index & EURO STOXX Index – 3.5 Years

Maturity Date 3.5 Years
Interest Rate 7.00-8.00% as long as neither the Russell 2000 Index nor the EURO STOXX Index is down by more than 30% from its initial level
Issuer Name Barclays - S&P A-
Interest Payment Semi-Annually
Non-Callable Period 6 Months

Range Accrual Note tied to Russell 2000, S&P 500 & EURO STOXX 50 Indices – 4 Years

Maturity Date 4 Years
Interest Rate 6.50-8.50% as long as neither the Russell 2000 Index nor the EURO STOXX 50 Index nor the S&P 500 Index drops by more than 30% from its initial level
Issuer Name JPMorgan Chase Bank
Interest Payment Quarterly
Non-Callable Period 1 Year - AutoCallable

Range Accrual Note tied to Russell 2000 & S&P 500 Indices – 4 Years

Maturity Date 4 Years
Interest Rate 5.00% as long as neither the Russell 2000 nor the S&P 500 Index drops by more than 40% from its initial level.
Issuer Name Goldman Sachs - S&P BBB+
Interest Payment Monthly
Non-Callable Period 1 Year

Range Accrual Note tied to Russell 2000 and S&P 500 Indices – 5 Years

Maturity Date 5 Years
Interest Rate 5.00% Interest will be paid quarterly as long as neither the Russell 2000 Index nor the S&P 500 Index is down by more than 45% from their initial levels
Issuer Name Goldman Sachs - S&P BBB+
Interest Payment Quarterly
Non-Callable Period 1 Year

Range Accrual Note tied to Russell 2000 & EURO STOXX Index – 5 Years

Maturity Date 5 Years
Interest Rate 7.00% as long as neither the Russell 2000 nor the EURO STOXX 50 Index drops by more than 30% from its initial level
Issuer Name Credit Suisse - Moody's Baa1
Interest Payment Quarterly
Non-Callable Period 1 Year - AutoCallable

Range Accrual Note tied to Russell 2000 & EURO STOXX 50 Indices – 5 Years

Maturity Date 5 Years
Interest Rate 7-8% if neither the Russell 2000 Index nor the EURO STOXX 50 Index is down by more than 30% from its initial level
Issuer Name Goldman Sachs - S&P BBB+
Interest Payment Quarterly
Non-Callable Period 6 Months

Goldman Sachs Twin Win Barrier Note – 5 Years

Maturity Date 5 Years
Interest Rate Interest (if any) is paid at maturity based on performance of the S&P 500 Index and the Russell 2000 Index
Issuer Name Goldman Sachs - S&P BBB+
Interest Payment NA
Non-Callable Period Non-Callable

JPMorgan Chase Point to Point Dual Direction Note tied to S&P 500 and Russell 2000 Indices – Minimum 32% Return if Both Indices Up Any Amount from Initial Level – 5 Years

Maturity Date 5 Years
Interest Rate Interest (if any) Paid at Maturity Based on Performance of S&P 500 Index and Russell 2000 Index (Minimum 32% at maturity will be paid if both indices at or above initial levels))
Issuer Name JPMorgan Chase Bank
Interest Payment At Maturity (if Applicable)
Non-Callable Period Non-Callable

Morgan Stanley Trigger Booster Note – 5 Years

Maturity Date 5 Years
Interest Rate Interest (if any) is paid at maturity based on 1.9 times the performance of EURO STOXX 50 Index
Issuer Name Morgan Stanley - S&P BBB+
Interest Payment NA
Non-Callable Period Non-Callable

Goldman Sachs Point to Point Note Tied to EURO STOXX 50 Index – 7 Years

Maturity Date 7 Years
Interest Rate Point to Point Note tied to 1.15-1.25 Times the Performance of the EURO STOXX 50 Index (Interest, if any, paid at maturity)
Issuer Name Goldman Sachs - S&P BBB+
Interest Payment NA
Non-Callable Period Non-Callable

Range Accrual Note tied to Russell 2000 & S&P 500 Indices – 7 Years

Maturity Date 7 Years
Interest Rate 6.00% paid quarterly if neither the Russell 2000 Index nor the S&P 500 Index is down by more than 25% from its initial level
Issuer Name JPMorgan Chase - Moody's A3
Interest Payment Quarterly
Non-Callable Period 1 Year - AutoCallable

Curve Steepener Note tied to CMS Rate, S&P 500 & Russell 2000 Indices – 7 Years

Maturity Date 7 Years
Interest Rate Contingent Interest Rates Tied to 30 Year/2 Year USD Swap Rates and S&P 500 and Russell 2000 Indices
Issuer Name Societe Generale - S&P A
Interest Payment Quarterly
Non-Callable Period 1 Year

Goldman Sachs Point to Point Note tied to Dow Jones Industrial Average – 8 Years

Maturity Date 8 Years
Interest Rate Point to Point Note tied to Dow Jones Industrial Average (Interest, if any, paid at maturity)
Issuer Name Goldman Sachs - (Credit Rating of Standard & Poor's BBB+)
Interest Payment NA
Non-Callable Period Non-Callable

Range Accrual Note tied to Russell 2000 & S&P 500 Indices – 10 Years

Maturity Date 10 Years
Interest Rate 6.25% as long as neither the Russell 2000 nor the S&P 500 Index drops by more than 45% from their initial levels
Issuer Name Barclays - S&P A-
Interest Payment Quarterly
Non-Callable Period 3 Months

Range Accrual Note tied to Russell 2000 & S&P 500 Indices – 10 Years

Maturity Date 10 Years
Interest Rate 7.50% if neither the Russell 2000 nor the S&P 500 Index drops by more than 25% from their initial levels
Issuer Name Credit Suisse - Moody's Baa1
Interest Payment Quarterly
Non-Callable Period 1 Year

Range Accrual Note tied to Russell 2000, S&P 500 & EURO STOXX 50 Indices – 10 Years

Maturity Date 10 Years
Interest Rate 10.00% as long as neither the Russell 2000 Index nor the S&P 500 Index nor the EURO STOXX 50 Index drops by more than 25% from its initial level.
Issuer Name Barclays - S&P A-
Interest Payment Quarterly
Non-Callable Period 3 Months

Range Accrual Note tied to Russell 2000 & EURO STOXX 50 Indices – 10 Years

Maturity Date 10 Years
Interest Rate 7.49-8.49% if neither the EURO STOXX 50 Index nor the Russell 2000 Index is down by more than 25% from its initial level
Issuer Name Goldman Sachs - S&P BBB+
Interest Payment Quarterly
Non-Callable Period 1 Year - AutoCallable

Range Accrual Note tied to Russell 2000 & S&P 500 Indices – 10 Years

Maturity Date 10 Years
Interest Rate 6.00% if neither the Russell 2000 nor the S&P 500 Index drops by more than 45% from their initial levels
Issuer Name Goldman Sachs - S&P BBB+
Interest Payment Quarterly
Non-Callable Period 1 Year

Range Accrual Note tied to Russell 2000, S&P 500 & EURO STOXX 50 Indices – 10 Years

Maturity Date 10 Years
Interest Rate 7.00% as long as neither the Russell 2000 Index nor the S&P 500 Index nor the EURO STOXX 50 Index drops by more than 37.5% from its initial level.
Issuer Name Bank of America - S&P BBB+
Interest Payment Quarterly
Non-Callable Period 1 Year

Range Accrual Note Tied to Russell 2000 Index – 10 Years

Maturity Date 10 Years
Interest Rate 7.00% if the Russell 2000 Index does not drop by more than 25% from its initial level
Issuer Name Credit Suisse - Moody's Baa1
Interest Payment Quarterly
Non-Callable Period 1 Year

Range Accrual Note tied to Russell 2000 & S&P 500 Indices – 15 Years

Maturity Date 15 Years
Interest Rate 8.00% if neither the Russell 2000 nor the S&P 500 Index drops by more than 25% from their initial levels
Issuer Name Goldman Sachs - S&P BBB+
Interest Payment Monthly
Non-Callable Period 1 Year

Range Accrual Note tied to Russell 2000 and S&P 500 Indices – 15 Years

Maturity Date 15 Years
Interest Rate 6.25% Fixed Rate for Five Years, then 6.25% if neither the Russell 2000 nor the S&P 500 Index drops by more than 40% from its initial level.
Issuer Name Morgan Stanley - S&P BBB+
Interest Payment Quarterly
Non-Callable Period Non-Callable

Non-Inversion Note (30 Year CMS > 2 Year CMS) tied to Russell 2000, S&P 500 & EURO STOXX 50 Indices – 15 Years

Maturity Date 15 Years
Interest Rate 7.75-8.25% Contingent Interest Rate
Issuer Name Societe Generale - S&P A
Interest Payment Quarterly
Non-Callable Period 1 Year

Curve Steepener Note tied to Russell 2000 and S&P 500 Indices – 15 Years

Maturity Date 15 Years
Interest Rate 8% Fixed Rate for One Year and Variable Thereafter
Issuer Name Goldman Sachs - S&P BBB+
Interest Payment Quarterly
Non-Callable Period 1 Year

Curve Steepener Note tied to CMS Rate, S&P 500 Index, Russell 2000 Index & EURO STOXX 50 Index – 15 Years

Maturity Date 15 Years
Interest Rate 10% Fixed Rate for One Year, then Contingent Rates thereafter
Issuer Name Societe Generale - S&P A
Interest Payment Quarterly
Non-Callable Period 1 Year

Curve Steepener Note tied to 30 Yr CMS Rate over 2 Yr CMS Rate – 20 Years – Principal Protected

Maturity Date 20 Years
Interest Rate 10% Fixed Rate for One Year and Variable Thereafter
Issuer Name Jefferies Group LLC - S&P BBB-
Interest Payment Monthly
Non-Callable Period Non-Callable