eTrade 2005 Annual Report Download - page 551

[REVERSE SIDE OF NOTE]
E*TRADE FINANCIAL CORPORATION
7
7
/
8
% Senior Note Due 2015
1.
Principal and Interest
.
The Company promises to pay the principal of this Note on December1, 2015.
The Company promises to pay interest on the principal amount of this Note on each interest payment date, as set forth on the face of
this Note, at the rate of
% per annum (subject to adjustment as provided below).
Interest will be payable semiannually (to the holders of record of the Notes at the close of business on the May15 or November15
immediately preceding the interest payment date) on each interest payment date, commencing June1, 2006.
Interest on this Note will accrue from the most recent date to which interest has been paid on this Note or the Note surrendered in
exchange for this Note (or, if there is no existing default in the payment of interest and if this Note is authenticated between a regular
record date and the next interest payment date, from such interest payment date) or, if no interest has been paid, from the Issue Date.
Interest will be computed in the basis of a 360-day year of twelve 30-day months.
The Company will pay interest on overdue principal, premium, if any, and, to the extent lawful, interest at the interest rate borne by the
Notes. Interest not paid when due and any interest on principal, premium or interest not paid when due will be paid to the Persons that
are Holders on a special record date, which will be the 15th day preceding the date fixed by the Company for the payment of such
interest, whether or not such day is a Business Day. At least 15 days before a special record date, the Company will send to each
Holder and to the Trustee a notice that sets forth the special record date, the payment date and the amount of interest to be paid.
2.
Indentures
.
This is one of the Notes issued under an Indenture dated as of November22, 2005 (as amended from time to time, the “Indenture”),
between the Company and The Bank of New York, as Trustee. Capitalized terms used herein are used as defined in the Indenture
unless otherwise indicated. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by
reference to the Trust Indenture Act. The Notes are subject to all such terms, and Holders are referred to the Indenture and the Trust
Indenture Act for a statement of all such terms. To the extent permitted by applicable law, in the event of any inconsistency between
the terms of this Note and the terms of the Indenture, the terms of the Indenture will control.
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2006. EDGAR Online, Inc.