Currency of Payment
All payments of principal of and premium, if any, and interest on the notes will be made in U.S. dollars.
Stated Maturity and Maturity
The
day on which the principal amount of the notes is scheduled to become due is called the stated maturity of the principal of the notes. On the stated maturity of the principal for the notes, the full principal amount of the notes will
become due and payable. The principal may become due before the stated maturity by reason of redemption or acceleration after a default. The day on which the principal actually becomes due, whether at the stated maturity or earlier, is called the
maturity of the principal.
We also use the terms stated maturity and maturity to refer to the dates
when interest payments become due. For example, we may refer to a regular interest payment date when an installment of interest is scheduled to become due as the stated maturity of that installment. When we refer to the stated
maturity or the maturity of the notes without specifying a particular payment, we mean the stated maturity or maturity, as the case may be, of the principal.
Form and Denominations
The notes
will be issued only in registered form without coupons and in minimum denominations of U.S. $150,000 and integral multiples of U.S. $2,000 in excess thereof.
Except in limited circumstances, the notes will be issued in the form of global notes. See Form of Securities, Clearing and
SettlementGlobal Securities in the accompanying prospectus.
Payment of Additional Interest
We are required by Mexican law to deduct Mexican withholding taxes from payments of interest (or amounts deemed interest) to investors who are
not residents of Mexico for tax purposes as described under TaxationMexican Tax Considerations.
Subject to the
limitations and exceptions described in Description of Debt SecuritiesPayment of Additional Interest in the accompanying prospectus, we will pay to holders of the notes all additional interest that may be necessary so that every
net payment of interest or principal (including any premium paid upon redemption of the notes and any discount deemed interest under Mexican law), if any, to the holder will not be less than the amount provided for in the notes. By net payment, we
mean the amount that we or our paying agent will pay the holder after we deduct or withhold an amount for or on account of any present or future taxes, duties, assessments or other governmental charges imposed with respect to that payment by a
Mexican taxing authority. See Description of Debt SecuritiesPayment of Additional Interest in the accompanying prospectus.
Any references in this prospectus supplement to principal, premium, if any, interest or any other amount payable in respect of the notes by us
will be deemed to also refer to any additional interest that may be payable in accordance with the provisions described under Description of Debt SecuritiesPayment of Additional Interest in the accompanying prospectus.
Redemption of Notes
We will not be
permitted to redeem the notes before their stated maturity, except as set forth below. The notes will not be entitled to the benefit of any sinking fund (meaning that we will not deposit money on a regular basis into any separate account to repay
the notes). In addition, holders will not be entitled to require us to repurchase their notes from them before the stated maturity.
Optional
Redemption With Make-Whole Amount
We will have the right at our option to redeem the outstanding notes in whole at any
time or in part from time to time prior to , (the date that
is months prior to the maturity date of the notes or the Par Call Date), on at least 15 days but not more than 60 days notice, at
a redemption price equal to the greater of (1) 100% of the principal amount of the notes to be redeemed and (2) the sum of the present values of each remaining scheduled payment of principal and interest thereon through the Par Call Date
as if the notes were redeemed on the Par Call Date (exclusive of accrued and unpaid interest to the redemption date on the principal amount of the notes being redeemed on such redemption date and additional interest thereon) discounted to the date
of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate
plus basis points, plus in each case accrued and unpaid interest to the redemption date on the principal amount of the notes being redeemed on such
redemption date and additional interest thereon.
Comparable Treasury Issue means the U.S. Treasury security or securities
selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the period from redemption date to the Par Call Date that would be utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of a comparable maturity to the period from the redemption date to the Par Call Date.
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