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Optics Vortex 50% off certificate $200

This has to be redeemed directly through vortex. It is 50% off of their MSRP.
 

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If I am reading the certificate right, its 50% off with a maximum amount off of $650. So if I ordered a $2000 msrp item, the price would be $1,350 correct?
 
Attached is another picture of the back that shows the AMG scope at $3700 and with the cert you get it for $50% off for $1850. I think the $650 comes from the price difference from retail price versus cert price. Not MSRP and cert price.
 

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