FRN Variable Rate Fix

LONDON--()--

26 August 2015

Issue: VCL MASTERS S.A

Series 2012-3 Class A Notes

XS0857705866

Pursuant to our appointment as Agent for the above stated issue, please be advised of the following interest rate determination:

Date From: 25 August 2015

Date To: 25 September 2015

Record Date: 22 September 2015

Value Date: 25 September 2015

Benchmark Rate: -0.092%

Margin: 0.3%

Total Rate: 0.208%

Number of Days: 31

Day Count: Actual / 360

Interest Frequency: Monthly

Total Amount Due:

EUR 17,588.71

Interest Per 1K: EUR 0.1791111

Pool Factor: 1

Short Name: VCL MASTERS S.A
Category Code: RC
Sequence Number: 481526
Time of Receipt (offset from UTC): 20150826T164650+0100

Contacts

HSBC Security Services

Contacts

HSBC Security Services