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

ing (or a Basket), as determined and described in the Final Terms (item 29a(i)), however at least at
par.
(d) In the case of “redemption linked to an underlying”, the Redemption Amount for each Note equals
the amount calculated according to the Final Terms (item 29a(ii)) which is linked to an Underlying
(or Basket), as described and determined in the Final Terms (item 29a(i)). The Final Terms may
contain a minimum redemption amount (item 29a(ix) and/or a maximum redemption amount (item
29a(x)), as well as other details (item 29a(xi) with regard to redemption. The number of figures
following the decimal point, up to which the Redemption Amount and the Underlying are rounded
is determined according to the provisions in the Final Terms (item 29a(iii)), or, as far as not provided
there otherwise, the number of figures following the decimal point corresponds to the number
specified by the Reference Stock Exchange or the screen page for such Underlying.
The Final Terms may determine further redemption modalities (e.g. redemption pursuant to a redemption
table, item 29). In the case of “Cash-or-Share-Notes”, the “Supplemental Terms and Conditions for Cashor-Share-Notes”
shall apply and constitute an integral part of these Conditions.
(3) Redemption linked to an underlying. If the Redemption Amount is linked to an Underlying (or a Basket),
the adjustment provisions and market disruption provisions of § 3 part B para 4 shall apply analogously.
Commercial property rights. The Issuer has been granted the permission to use the commercial property
rights regarding the Underlying, if required. Details are stated in the Final Terms (item 28), to the extent
applicable.
Notification of adjustments. The Issuer will notify adjustments and the determination date on which the
adjustments become effective promptly pursuant to § 11.
Binding adjustments. Adjustments according to the preceding paragraphs will be effected by the Issuer
and are (absent manifest error) binding on all persons involved. Further market disruptions, Adjustment
Events and/or changes of Adjustment Events may be contained in the Final Terms (item 29a(xi)).
(4) Early redemption due to tax reasons. If applicable according to the Final Terms (item 32), the Notes
will be redeemed upon discretion of the Issuer in full but not in part at any time at its Early Redemption
Amount (as defined below) pursuant to § 5 after the Issuer gave to the Noteholders at least 10 days prior
notice of its intention, provided that the Issuer on the following date of any payment or delivery under the
Notes would be obliged to pay additional amounts pursuant to § 6 due to the occurrence of a change or
amendment of the laws and regulations applicable to the Notes or changes in the application or interpretation
of such laws and regulations by the tax authorities, as far as the respective change becomes effective
on or after the issue date.
(5) Early redemption by the Issuer. If provided for in the Final Terms (items 14 and 30), the Issuer has the
right to redeem on each optional redemption date (item 30(i) of the Final Terms) (each an Optional Redemption
Date) the Notes in whole or in part at the Optional Redemption Amount (as defined below) after
having notified the Note holders at least five (or another notice period stated in the Final Terms item
30(v)) days in advance pursuant to § 11 (whereas such notice has to state the determined Optional Redemption
Date for the redemption of the Notes). Each such redemption has to refer, to the extent applicable,
to Notes with a denomination of at least the minimum redemption amount (see item 30(iii) of the
Final Terms) and/or not more than the maximum redemption amount (see item 30(iii) of the Final Terms.
In the case of a partial redemption of Notes, the Notes to be redeemed will be selected not more than 30
days prior to the date fixed for redemption in accordance with the rules and procedures of the relevant
Clearing System (to be reflected in the records of the relevant Clearing System as either a pool factor or a
reduction in nominal amount, at its discretion).
(6) Early redemption by the Noteholder. If provided for in the Final Terms (items 14 and 31), the Issuer
has, if a Noteholder gives notice to the Issuer of his respective intention at least 15 and not more than 30
days (or within another notice period determined in the Final Terms item 31(iii)) in advance, to repay the
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