I This document constitutes the base prospectus of ... - Volksbank AG

Capital Market Act
exemption from the prospectus requirement
pursuant to [l] (refer to applicable
exemption)
(ii) Germany: no public offer
public offer
prospectus requirement
exemption from the prospectus requirement
pursuant to [l] (refer to applicable
exemption)
(iii) other jurisdictions: no public offer
public offer
prospectus requirement
exemption from the prospectus requirement
pursuant to [l] (refer to applicable
exemption)
14. Provisions regarding redemption
(i) Underlying: See Offer Table
Commercial property rights not applicable
[l] (insert details)
Use approved for:
Disclaimer:
(ii) Provisions for the calculation of the Redemption
Amount:
[l]
[l] [see annex]
not applicable
[l] (insert formula / description)
pursuant to annex [l] (insert annex)
(insert details on rounding of Redemption
Amount, if required; the terms and conditions
foresee rounding to two decimal places)
(iii) Observation period: not applicable
Start of term until end of term (including)
applicable: [l] (insert details)
(iv) Starting value (if not stated under composition
of basket):
See Offer Table
(v) Barrier: See Offer Table
(insert details on rounding of Final Value, if
required; the terms and conditions foresee
rounding to five decimal places)
(vi) Determination Date(s): [See Offer Table]
not applicable
[l] (insert details)
(insert details on adjustment, if required; the
terms and conditions foresee adjustment in
accordance with Following-Business-Day-
Convention)
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