DESCRIPTION OF THE NOTES
Principal Amount, Maturity and Interest for the Notes
We are offering $750,000,000 of our notes due 2027, which will mature on March 22, 2027, $1,500,000,000 of our notes due 2030, which will
mature on March 22, 2030, and $1,250,000,000 of our notes due 2050, which will mature on March 22, 2050.
We will pay interest on the
notes due 2027 at the rate of 3.000% per annum, interest on the notes due 2030 at the rate of 3.150% per annum and interest on the notes due 2050 at the rate of 4.000% per annum, in each case, on March 22 of each year to holders of record at
the close of business on the immediately preceding March 7 and on September 22 of each year to holders of record at the close of business on the immediately preceding September 7. If interest or principal on the notes is payable on a
Saturday, Sunday or any other day when banks are not open for business in The City of New York, we will make the payment on such notes on the next succeeding business day, and no interest will accrue as a result of the delay in payment. The first
interest payment date on the notes due 2027, the notes due 2030 and the notes due 2050 is September 22, 2020. Interest on the notes due 2027, the notes due 2030 and the notes due 2050 will accrue from March 20, 2020 and will accrue on the basis of a
360-day year consisting of 12 months of 30 days.
We may issue additional notes due 2027, notes
due 2030 and notes due 2050 in the future.
Form and Denomination
The notes will be issued in book-entry only form, which means that the notes will be represented by one or more permanent global certificates
registered in the name of DTC, or its nominee. You may hold interests in the notes directly through DTC, Euroclear or Clearstream, if you are a participant in any of these clearing systems, or indirectly through organizations which are participants
in these systems. Links have been established among DTC, Clearstream and Euroclear to facilitate the issuance of the notes and cross-market transfers of the notes associated with secondary market trading. DTC is linked indirectly to Clearstream and
Euroclear through the depositary accounts of their respective U.S. depositaries. Beneficial interests in the notes may be held in minimum denominations of $2,000 and integral multiples of $1,000 in excess of $2,000. Notes of each series in
book-entry form that can be exchanged for definitive notes of the applicable series under the circumstances described in the accompanying prospectus under the caption Clearing and Settlement will be exchanged only for definitive notes of
the applicable series issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess of $2,000.
Redemption
We have the option to redeem each series of notes on not less than 10 nor more than 60 days notice, in whole or in part,
(1) at any time prior to January 22, 2027 (two months prior to maturity) for the notes due 2027, at any time prior to December 22, 2029 (three
months prior to maturity) for the notes due 2030 and at any time prior to September 22, 2049 (six months prior to maturity) for the notes due 2050, at a redemption price equal to the greater of:
(a) 100% of the principal amount of the notes being redeemed, or
(b) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (exclusive of
interest accrued to the date of redemption), assuming for such purpose that the notes due 2027 matured on January 22, 2027, the notes due 2030 matured on December 22, 2029 and the notes due 2050 matured on September 22, 2049, as applicable,
discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 basis points for the
notes due 2027 and the notes due 2030 and at the Treasury Rate plus 40 basis points for the notes due 2050, and
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