EUR 3000000000 debt issuance programme, 10 ... - Volksbank AG

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a different Compartment of the Issuer, may be divided into Tranches. The specific terms of each Tranche will be set out in the relevant Final Terms. Securities issued in each Series shall rank pari passu amongst themselves. The Securities will be limited recourse obligations of the Issuer only and will not be guaranteed by, or be the responsibility of, any other person or entity. In particular, the Securities may only be capable of being satisfied and discharged from the Compartment Assets of the Compartment through which they were issued and not from any assets of any other Compartment of the Issuer or from any other assets of the Issuer. Consolidation: Securities issued through one Compartment may not be consolidated with Securities of another Compartment. Issuance Price: Securities may be issued at their nominal amount or at a discount or premium to their nominal amount. Securities may be issued on a fully paid or partly paid basis, the issue price of which will be payable in two or more instalments. Distribution, Issuance Procedures: The Securities will be issued on a syndicated or non-syndicated basis and may be distributed by way of public offers or private placements. Prospective applicants will be notified of the amount allotted and whether dealing will begin before any offer is made. Offer price as well as any expenses or taxes to be charged to the subscriber or purchaser of the Securities offered through each Compartment of the Issuer shall be provided in the Final Terms. Listing: As of the date of this Prospectus, no application has been made for the Debt Issuance Programme to be admitted to any market or for any Securities to be listed although the possibility of an application for admission of the Debt Issuance Programme, or certain Securities issued under the Debt Issuance Programme, to trading in the regulated market (Freiverkehr) on the Baden-Württemberg Stock Exchange (EUWAX) and/or the Vienna stock exchange, Austria (Wiener Börse) for trade on its second regulated market (Geregelter Freiverkehr) or inclusion in the third market (Dritter Markt), is being considered. The Issuer reserves the right to make such applications in the future in its sole discretion. The details of such application (if any) will be specified in the Final Terms. Selling Restrictions: European Economic Area, United States, United Kingdom, Japan and such other restrictions as may be required in connection with the offering and sale of a particular issue of Securities. See “9.2 – Selling restrictions”. In the Federal Republic of Germany, additional selling restrictions apply as set out in “9.2 – Selling restrictions”. The Securities to be offered and sold will be subject to the restrictions of Regulation S under the Securities Act. The Securities with an original maturity of more than 365 days are subject to United States tax law requirements and may not be offered, sold or delivered to any United States person or within the United States or its possessions. 3
Use of Proceeds: The net proceeds from the issue of Securities will be used by the Issuer (acting through its relevant Compartment) for the purpose of purchasing the Compartment Assets (see “2.1 – General Structure”, “2.2 – The Compartment Assets” and “4.1 – The Issuer”) and for its general business purposes. 4
Page 1 and 2: This document constitutes the base
Page 3 and 4: ities should be based upon any such
Page 5 and 6: Copies of the Prospectus and the do
Page 7 and 8: 8.1.1 Tax Treatment of Austrian Tax
Page 9: “2.3 - Description of the Obligor
Page 13 and 14: Clearing System: Clearstream AG, Fr
Page 15 and 16: Withholding tax in respect of Notes
Page 17 and 18: Events of Default: The Conditions d
Page 19 and 20: Exposure to Compartment Asset risks
Page 21 and 22: correspondingly affect the ability
Page 23 and 24: Financial information The financial
Page 25 and 26: 1) Examples of typical structures w
Page 27 and 28: suer (acting through its relevant C
Page 29 and 30: (a) Its total assets are at least
Page 31 and 32: arise under such Compartment Assets
Page 33 and 34: under such securities are to be mad
Page 35 and 36: 3. RISK FACTORS Prospective investo
Page 37 and 38: In the advent of such insolvency pr
Page 39 and 40: There is a risk of failing to integ
Page 41 and 42: VBAG is subject to the risk of adve
Page 43 and 44: ments may fall due to circumstances
Page 45 and 46: The interest rate risk may cause pr
Page 47 and 48: Transaction costs/charges When Secu
Page 49 and 50: - under the Certificate Conditions,
Page 51 and 52: Instalment Notes The Issuer may iss
Page 53 and 54: 4. DESCRIPTION OF THE ISSUER AND OT
Page 55 and 56: extent and under the terms permitte
Page 57 and 58: management services (the Management
Page 59 and 60: 5. THE AUSTRIAN BANKING MARKET The
Page 61 and 62:
Payments Payment of principal and i
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The Noteholders hold a co-ownership
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elow). In such a case it will be in
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tion of interest are contained in t
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soon as possible after their determ
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(b) In the case of 30/360 (see item
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espective Notes on the optional red
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decision either in the Specified Cu
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Any reference in these Conditions t
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(2) References. (a) in the event of
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(iii) such credit institution meets
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6.3.1 Supplementary Terms and Condi
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Scheduled Closing Time means in res
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(b) determine the days or the day r
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These Final Terms do not constitute
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(further details are specified belo
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(i) Interest period: - Interest com
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(iii) Observation Period: not appli
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(iv) Other terms relating to the me
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29a. Redemption payment linked to p
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32. Redemption for tax reasons not
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41. Additional tax disclosure: not
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OPERATIONAL INFORMATION 47. ISIN Co
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1. LISTING Listing: Admission to tr
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The Issuer specifically points to t
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tion) (where the existence of the O
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the Main Compartment Asset since th
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[where information was obtained fro
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Permanent Global Note shall hereby
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ing Business Day or if the market d
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implications on the Underlying due
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Change of law means that due to (A)
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(a) In the case of application of t
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(a) the New Issuer assumes any and
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(i) the relevant Debt Instruments q
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Start Date: [l] Expiry Date: [l] /
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Start Date: [l] Expiry Date: [l] /
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6.4.1 Form of Final Terms of the Ce
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[l] (insert type) 5. Offer Period:
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(xiii) Other details regarding rede
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30. Governing Law: Austrian law 31.
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3 NOTIFICATION [The [include name o
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(i) General information [Insert the
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(viii) Significant changes to the f
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experience, a summary of the provis
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Zahlungen Kapital- und Zinszahlunge
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Teil A - Fixe Verzinsung Bei Schuld
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oder die Vergleichbarkeit mit dem a
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Wenn an einem Feststellungstag in B
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Mitteilung ferner auch gegenüber j
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(ii) Falls der Zinsberechnungszeitr
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dazu verpflichtet sein, in Folge ei
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verschreibungen und Nachrang-Ergän
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maßgeblichen Fälligkeitstag beans
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Berechnungsstelle: Die in den Endg
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notwendigen Ausmaß unwirksam, ohne
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(i) eine Beschreibung dieser Eigenk
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7.3.1 Ergänzende Emissionsbedingun
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Lieferstörung bezeichnet im Hinbli
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(6) Lieferstörung. Liegt vor und n
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gen vor. Die entsprechend angepasst
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[l] pro Stück (bei Stücknotiz) [l
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(iv) Sonstige Einzelheiten zur Zins
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(B) Alternative Zinsberechnungsbasi
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(ii) Zinsperioden: - Verzinsungsbeg
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[l] (andere einfügen) im voraus im
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31. (v) Mitteilungsfrist: 2 (vi) Be
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ALLGEMEINE ANGABEN ZU DEN SCHULDVER
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kaufskurse (bid and offer rates) be
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1. 2. NOTIERUNG TEIL B - Andere Inf
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(iii) Geschätzte Gesamtkosten: [l]
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Schuldinstrument nicht anwendbar an
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(iv) Abschlussprüfer Abschlussprü
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Die hier dargestellten Informatione
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7.4 Bedingungen der Zertifikate Die
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(2) Schutzrechte. Falls erforderlic
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§ 8 (Marktstörung) (1) Marktstör
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gen des Fortbestehens von Marktstö
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Absicherungs-Störung bedeutet, das
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(b) Im Falle der Anwendung der Modi
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§ 15 (Schuldnerersetzung) (1) Erse
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„Geeigneter Schuldner des Serienh
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ausdrücklich ausgeschlossen) und d
Page 227 and 228:
Laufzeitbeginn: [l] Laufzeitende: [
Page 229 and 230:
Laufzeitbeginn: [l] Laufzeitende: [
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passten, ergänzten und geänderten
Page 233 and 234:
14. mäß [l] (anwendbare Ausnahme
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tionen: 20. Zusätzliche Steuerhinw
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Ordnungsgemäß bevollmächtigt Ord
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geben, nicht das Rating des Emitten
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[Sofern anwendbar:] Die Emittentin
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(v) Potenzielle Interessenkonflikte
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Fondsinstrument nicht anwendbar anw
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8. TAXATION This section on taxatio
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81.2.2 Securities in respect of whi
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Income not distributed by the non-A
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funds consists of interest payments
Page 255 and 256:
If the private investor has acquire
Page 257 and 258:
e modified, becoming applicable to
Page 259 and 260:
of the Czech Income Tax Act. If acc
Page 261 and 262:
The corporate tax law does not prov
Page 263 and 264:
8.4.2.2.4 Underlying payments / yie
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y a Luxembourg paying agent (as thi
Page 267 and 268:
deemed prematurely, the difference
Page 269 and 270:
Capital gains arising from notes wh
Page 271 and 272:
Corporations with unlimited tax lia
Page 273 and 274:
No tax shall be charged, withheld o
Page 275 and 276:
• any compensation not being cons
Page 277 and 278:
9. SUMMARY OF PRINCIPAL DOCUMENTS A
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Account and Main Compartment Asset
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(vi) In respect of Cash-or-Share No
Page 283 and 284:
of documents to the authorities in
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United States Securities Act The Is
Page 287 and 288:
10. GENERAL INFORMATION (1) The est
Page 289 and 290:
11. STATEMENTS PURSUANT TO COMMISSI
Page 291 and 292:
Consolidated Income Statement......
Page 293 and 294:
Sub-Custodian .....................
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288
Page 297 and 298:
290
Page 299 and 300:
292
Page 301 and 302:
294
Page 303 and 304:
296
Page 305 and 306:
298
Page 307 and 308:
300
Page 309 and 310:
Appendix German Translation of the
Page 311 and 312:
19, 1090 Wien, Österreich („VBAG
Page 313 and 314:
Vorzeitige Rückzahlung nach Wahl d
Page 315 and 316:
Quellensteuer bezüglich der Zertif
Page 317 and 318:
1.2 Zusammenfassung der Risikofakto
Page 319 and 320:
Fehlen eines aktiven liquiden Hande
Page 321 and 322:
- VBAG könnte einem Insolvenzverfa
Page 323 and 324:
§ Financial Markets; § Immobilien
Page 325:
LEGAL ADVISERS to the Arranger (Lux
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EUR 3000000000 debt issuance programme, 10 ... - Volksbank AG

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