| Maturity: |
Two years to ten years. |
| Lockout Period: |
Three months to seven years. |
| Lockout Date: |
The date specified in the related application. |
| Termination Date: |
Initially the Lock Out Date, and if a Bermudan option, thereafter periodically at the Put Date Frequency. |
| Minimum Size: |
$5 million |
| Interest Rate: |
Determined on an individual transaction basis: from issuance until the Lockout date, a floating rate, which resets at the Payment Frequency based on a spread to LIBOR; after the Lockout Date, a fixed rate as pre-determined on the application. Interest is payable and charged to the member's DID account on the fifth calendar day of each month using the following business day convention. |
| Day Count Fraction: |
Actual/360. |
| LIBOR: |
The rate per annum for deposits in U.S. dollars (relative to the related interest period) having a tenor equal to the Payment Frequency, which appears on Telerate Page 3750 as of 11:00 a.m. London time, on any given date that a LIBOR determination is necessary. |
| Reset Frequency: |
During the floating rate period, the interest rate will be reset monthly (quarterly, semiannual or annual frequency may be priced upon request.) |
| Reset Date: |
As specified in the related application. |
| Option Type: |
Either Bermudan or European. |
| Put Date Frequency: |
Quarterly (monthly, semi-annual, or annual frequency may be priced upon request.) |
| Put Notice Date: |
Five business days prior to the relevant Termination Date, from and including the Lockout Date, up to but excluding the Maturity Date, in each chase subject to the following business day convention. |
| Put Exercise: |
At the option of the FHLBC. |
| Notification to Borrower: |
The Federal Home Loan Bank of chicago will notify borrowers by facsimile if it opts to exercise its put on the Put Notice Date. |
| Prepayment: |
Permitted pursuant to standard FHLBC policy . |
| Availability: |
Same-day funding is available for transactions initiated prior to 2 p.m. (Chicago time.) |
| Commitment: |
Optional draw forward commitments are available at market rates for up to six months. Mandatory forward commitments are available for up to six months. |
| CICA: |
Available. |
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