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TPS3703: Tolerance Question

Genius 12865 points
Part Number: TPS3703

Hello Team,

I want to understand what the 50mV steps are for: 

In my understanding you can program the nominal voltage which is monitored in 50mV steps, correct? So, as an example I could monitor 3.35V with these tripoints: OV = 3.35V +3%, UV = 3.35V -3%

Please let me know if my understanding is correct and if not, let me know the correct interpretation, please.

Also I don't understand the 1.3V below on the 1st page of the data sheet; shouldn't that be 5.0V?

Thanks and Best Regards,

Hans