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Our When-Issued (WI) K-Deal program offer investors a funded method to purchase certain K-Deal Certificates® in advance of settlement, while earning a guaranteed coupon. When the referenced K-Deal settles, the WI Trust will replace the cash collateral with the newly issued K Certificates. Once K Certificates are placed into the WI Trust, investors may exchange the WI Trust Certificates for the underlying K Certificates of the related class. Learn more about our K-Deal program.

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