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

6.4 Terms and Conditions of the Certificates
The Certificates under the Programme will be issued according to the following terms and conditions (the “Certificate
Conditions” or “Conditions”).
The provisions of the following Conditions apply as completed, modified, supplemented or replaced, in whole or
in part, by the terms of the final terms which are attached hereto (the “Final Terms”) (by way of reference to the
respective items in the Final Terms stated in brackets). Terms which are printed in italics in the Conditions are
defined in the Final Terms. As far as these Certificate Conditions and the Final Terms are inconsistent, the Final
Terms shall prevail over the Conditions. The Final Terms may also foresee changes to the Conditions, to the
extent permitted by the applicable laws and regulations.
References in the Certificate Conditions to the offer table (the “Offer Table”) refer to the offer table in which the
respective issue of Certificates is described in the form of a summary and which the Final Terms are attached to
as an integral part.
The Final Terms may be inspected during normal business hours at the offices of the Principal Paying Agent
(whose identity shall be determined in the Final Terms), any Paying Agent (to which the same shall apply) and at
the seat of the Issuer and copies of the Final Terms may be obtained free of charge from these offices, provided
that, in the case of Certificates which are not listed on any stock exchange, copies of the relevant Final Terms
will only be available to holders of the Certificates (the “Certificate Holders”).
§ 1
(Currency. Form. Type of Issue. Denomination. Representation. Custody)
(1) Currency. Form. LEVADE S.A., acting through the Compartment designated in the Final Terms (the
“Issuer”) issues Certificates (the “Certificates”) in the currency determined in the Offer Table and in the
Final Terms (item 8) (the “Specified Currency”). The Certificates are bearer instruments and are freely
transferable.
(2) Type and price of the issue. The Certificates are issued as permanent issues or as single issues, as determined
in the Final Terms (item 3). The issue price is determined in the way specified in the Offer Table
and in the Final Terms (item 11). In the case of a permanent issue, the issue price shall be determined
in the Offer Table and in the Final Terms (item 11) as of the start of the term of the Certificates and shall
then be fixed by the Issuer continuously according to the market conditions prevailing from time to time.
The Issuer intends to (without being obliged to) provide current purchase and sale prices under normal
market conditions. However, the Issuer shall not have an obligation vis-à-vis the Certificate Holders to
quote such prices or regarding the level or realisation of such prices.
(3) Denomination. The Certificates are issued in an aggregate principal amount as determined in the Final
Terms (item 9) and are divided into denominations with the specified denomination (or the specified denominations)
specified in the Final Terms (item 10) (each a “Specified Denomination”), or they are divided
into such numbers of units as specified in the Final Terms (item 10).
(4) Representation. The Certificates are represented by a permanent global note (the “Permanent Global
Note”) without coupon or talons attached. Each Permanent Global Note shall bear the manual or facsimile
signatures of two duly authorised officers of the Issuer or its representative and is, depending on the Issuer’s
selection, signed by or on behalf of the Principal Paying Agent with a control signature. Definitive
notes or coupons will not be issued. The holder of each Permanent Global Note shall represent,
by its acquisition hereof, that (i) it is not a U.S. person, (ii) it is not acting for or on behalf of a
U.S. person and (iii) it is acquiring the Permanent Global Note in an offshore transaction in compliance
with Regulation S of the U.S. Securities Act 1933. The Permanent Global Note may not be legally
or beneficially owned by a U.S. person at any time. Certificates represented by the Permanent
Global Note will be sold outside the United States of America (including their states and the “District
of Columbia”) as well as their territories (including Puerto Rico, the U.S. Virgin Islands, Samoa,
Wake Island and the Northern Mariana Islands) and each holder and beneficial holder of the
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