On December 3, 2019, Mastercard Incorporated completed an offering of $750,000,000 aggregate principal amount of its 2.000% Notes due 2025 (the 2025 Notes"). The offering of the Notes was made pursuant to the company's Registration Statement on Form S-3 (File No. 333-223679), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the company's debt securities. Further information concerning the Notes and related matters is set forth in the company's Prospectus Supplement dated November 25, 2019, which was filed with the Securities and Exchange Commission on November 27, 2019. In connection with the issuance of the Notes, the Company entered into an Underwriting Agreement (the Underwriting Agreement") with Deutsche Bank Securities Inc., Lloyds Securities Inc., Mizuho Securities USA LLC and Santander Investment Securities Inc. as representatives (the Representatives") of the several underwriters listed in Schedule II to the Underwriting Agreement.