Denomination | Purchase price |
$25 | $20.25 |
50 | 40.50 |
75 | 60.75 |
100 | 81.00 |
Interest is paid as a part of the redemption value. A note increased in value one year after issue date and increases at the beginning of each half-year period thereafter until final maturity, at which time interest ceases to accrue. Interest on a note which is redeemed before maturity ceases to accrue at the end of the interest period next preceding the redemption date, except that if the note is redeemed on a date on which the redemption value increases, interest ceases to accrue on that date.
31 C.F.R. § 342.2