Base Prospectus

Definition:

In the United States, a Prospectus filed with a Shelf Registration Statement. To action a Shelf Takedown, a Prospectus Supplement is filed (typically on a Form S-3 Registration Statement or a Form F-3 Registration Statement) with the Base Prospectus describing the terms of the Shelf Takedown issuance. The Base Prospectus is effective each time securities are issued under the Shelf Registration (i.e., on each Shelf Takedown).

In a program offering in the United Kingdom or European Union (EU), a Base Prospectus is filed with the FCA or the relevant EU Member State’s securities authority, and is later updated for a Drawdown of the securities.

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