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

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Conditions .............................................................................................................................. I Confirmation ......................................................................................................................295 Consolidated Balance Sheet ..................................................................................................IV Consolidated Income Statement.............................................................................................IV Corporate Administration Agreement ....................................................................................53 Corporate Services Provider ..................................................................................................54 Counterparty.........................................................................................................................26 CSSF .................................................................................................................................. I, 5 Deposit .................................................................................................................................19 Deposits................................................................................................................................19 Derivative Agreement.............................................................................................................. I Derivative Agreements............................................................................................................. I Derivative Counterparty .......................................................................................................... I Disbursing Agent ................................................................................................................274 Discount-Certificates...............................................................................................................6 Dual Redemption Notes.........................................................................................................48 Eligible Obligor of the Main Compartment Asset ...................................................................21 EMU.....................................................................................................................................35 Equivalent Market ................................................................................................................22 EStG...................................................................................................................................271 EStR 2000...........................................................................................................................271 EU........................................................................................................................................III EU Savings Directive ..........................................................................................................283 EU-QuStG ..........................................................................................................................273 EUR 10 bn Debt Issuance Programme of VBAG....................................................................IV Excess Amount ...................................................................................................................302 Final Terms ............................................................................................................................. I Final Terms of the Certificates ................................................................................................... I Financial Instruments and Exchange Law...........................................................................305 Fixed Rate Notes.....................................................................................................................6 Fixed to Floating Rate Notes.................................................................................................48 Floating Rate Notes ................................................................................................................6 Floor ......................................................................................................................................6 FMA.....................................................................................................................................IV FSMA.................................................................................................................................305 Fund Instruments .................................................................................................................19 Group...................................................................................................................................... I Hedging Disruption...............................................................................................................40 Increased Hedging Costs.......................................................................................................40 Index-Certificates ...................................................................................................................6 Instalment Notes ...................................................................................................................48 Interconsult ..........................................................................................................................54 Involved Person ....................................................................................................................27 IRR.......................................................................................................................................47 ISIN .......................................................................................................................................6 Issuance ................................................................................................................................. I Issuer ..................................................................................................................................... I 311
IT 34 Luxembourg Account Bank.....................................................................................................2 Main Compartment Asset ........................................................................................................ I Main Compartment Asset Custodian........................................................................................2 Main Compartment Asset Custody Account..........................................................................298 Main Compartment Assets....................................................................................................... I Main Compartment Custody Account ....................................................................................56 Management Agreement......................................................................................................301 Management Services.............................................................................................................9 Management Services Fees......................................................................................................9 Master Agreement.................................................................................................................24 Member States of the EEC.....................................................................................................52 MIFID Directive ...................................................................................................................21 Money Market Investments..................................................................................................301 Moodys................................................................................................................................22 Nominal Amount.................................................................................................................295 Noteholders.............................................................................................................................7 Notes....................................................................................................................................... I OECD...................................................................................................................................22 OeNB.....................................................................................................................................V Other Party...........................................................................................................................27 Part A .................................................................................................................................295 Part B .................................................................................................................................296 Part C .................................................................................................................................296 Participating Member State.................................................................................................283 Paying Agent .......................................................................................................................... I Paying Agents.........................................................................................................................1 Paying party..........................................................................................................................27 Payments Notice..................................................................................................................299 Permanent Global Note........................................................................................................... I Pledge...................................................................................................................................26 Pledge Account .....................................................................................................................26 Pledge Account and Custody Agreement ................................................................................26 Pledge Accounts....................................................................................................................26 Pledge Agreement ...............................................................................................................297 Pledgee ...............................................................................................................................297 Pledgor ...............................................................................................................................297 Principal Paying Agent ...........................................................................................................1 Prospectus .............................................................................................................................. I Prospectus Directive................................................................................................................ I Purchase Date.....................................................................................................................296 Purchase of the Main Compartment Asset ...........................................................................296 Regulated Market..................................................................................................................21 Regulation S ........................................................................................................................... I Relevant Characteristics........................................................................................................80 Relevant Implementation Date.............................................................................................303 Relevant member...................................................................................................................80 312
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This document constitutes the base
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ities should be based upon any such
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accounts of the Issuer dated 31 Dec
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8.1.1 Tax Treatment of Austrian Tax
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sets) and provided further that whe
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Selling restrictions. In the Federa
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Clearing System: Clearstream AG, Fr
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Withholding tax in respect of Notes
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Cross Default: There is no cross de
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Exposure to Compartment Asset risks
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Special risks relating to VBAG as t
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Financial information The financial
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2.1 General Description of the Prog
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The Derivative Agreements will prov
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already admitted to trading: the Re
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2.5 General Description of the Main
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carry out its obligations under the
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courts register (Edikt) and the app
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3. RISK FACTORS Prospective investo
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the risk of not being able to recei
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In VBAG's case, market risk may in
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Not EU-Europe 2,506 5,99% USA & Can
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3.4 Risks Regarding the Securities
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terms of the Pledge, be adjusted ac
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Factors influencing the credit spre
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Trading risk The listing of the Sec
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addition, a future yield expected b
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tially stronger impact on the price
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edemption will be made by delivery
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if the securities are marketed in a
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- Alexis Kamarowsky is a German law
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Cash Manager Subject to the terms o
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5. THE AUSTRIAN BANKING MARKET The
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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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Exchange is not a Trading Day, or s
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(3) Maximum and/or Minimum Rate of
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last day shall not be considered to
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days (or within another notice peri
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§ 5 (Payments) (1) Redemption curr
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(d) are payable by reason of a chan
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(d) the New Issuer is in the positi
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lent Market) (provided that Part B
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(ii) a description of the market in
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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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10. Specified Denomination: [l] [l]
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(iv) Other terms relating to the me
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[l] [Specify relevant screen page]
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(ii) Interest periods: - Interest c
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26. Interest Payment Date(s): not a
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(v) Notice period: 2 31. Early Rede
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38. Intended to be held in a manner
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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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[Insert, as applicable: Obligor of
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[Insert Names] The following person
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forth herein concerning the Obligor
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[Insert the following: details of a
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matters. Investors should participa
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states and the District of Columbia
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market disruption exists. If no val
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of the assets and the capital of th
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have increased substantially (inclu
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(b) In the case of application of t
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(b) the New Issuer has obtained all
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(2) another credit institution inco
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(b) where such Compartment Assets a
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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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1. Issuer: LEVADE S.A., Compartment
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(vii) Screen page: See Offer Table,
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Payment to the Paying Agent is a va
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1 LISTING Listing: Admission to tra
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The information included herein wit
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(i) Details of the market in which
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(viii) Trend information [Insert a
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a general description of the Obligo
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[where information was obtained fro
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9 PUBLICATION OF THE RESULTS OF THE
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Zahlungen Kapital- und Zinszahlunge
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Teil A - Fixe Verzinsung Bei Schuld
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gegebenheiten und -gepflogenheiten
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Eine Marktstörung bedeutet, soweit
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(3) Maximal- und/oder Mindestzinssa
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die nächste Zinsperiode fällt, ge
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über die entsprechende Absicht inf
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ner Frist möglich, vorausgesetz, d
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sationsbetrag der Schuldverschreibu
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Hauptzahlstelle: Die in den Endgül
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§ 12 (Unwirksamkeit. Änderungen)
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der Serienhauptvermögenswerte, wel
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(2) Vorbehaltlich Absatz (1) hat (a
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Außerordentliche Dividende bezeich
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Basiswerten). Unverzüglich nach Au
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7.3.2 Formular für die endgültige
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[im Fall von Hedgefonds-gebundenen
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14. Vorzeitige Rückzahlung nach Wa
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20a. (ii) Andere Bestimmungen im Zu
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(iv) Bandbreiten: nicht anwendbar [
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(iv) Sonstige Einzelheiten zur Zins
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29a. 29b. Rückzahlung abhängig vo
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(iii) Kündigungsfrist: 4 (iv) Besc
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39. Finanzzentrum (-zentren) oder a
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51. Hauptzahlstelle: The Bank of Ne
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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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mensitz unterscheidet), Gründungsd
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(xii) Gewinnprognosen oder Schätzu
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Nähere Informationen zum Rating un
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mens von dessen Aufsichtsbehörde;
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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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sicherung von auf die Basiswerte (o
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(c) Im Falle der Anwendung der Floa
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aus oder im Zusammenhang mit den Ze
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diese Einlage vertretenden Sparbuch
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(B) wenn die Staatliche Einheit ein
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Laufzeitbeginn: [l] Laufzeitende: [
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Laufzeitbeginn: [l] Laufzeitende: [
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7.4.1 Formular für die endgültige
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[im Fall von Hedgefonds-gebundenen
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(v) Barriere: Gemäß Angebotsblatt
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am Main anderes / zusätzliches Cle
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1 2 NOTIERUNG TEIL B - ANDERE INFOR
Page 267 and 268: (iv) Andere Spesen: [l] 6 BESCHREIB
Page 269 and 270: ners des Serienhauptvermögenswerte
Page 271 and 272: (vi) Abschlussprüfer Abschlussprü
Page 273 and 274: (i) Allgemeine Informationen 9 [Jur
Page 275 and 276: [Folgendes einfügen: Angaben über
Page 277 and 278: Zusätzliche Risikofaktoren: [sofer
Page 279 and 280: If interest is realised upon aliena
Page 281 and 282: 8.2 Germany Prospective investors a
Page 283 and 284: 8.3 Czech Republic The following te
Page 285 and 286: Furthermore, if the Securities form
Page 287 and 288: Income obtained and taxed abroad is
Page 289 and 290: 8.4.2.2.2 Non Residents Non residen
Page 291 and 292: Participating Member State, althoug
Page 293 and 294: 8.6.1 Slovak Income Taxation Regard
Page 295 and 296: 3. A third entity seated in the EU
Page 297 and 298: 8.6.2.3 Income received from abroad
Page 299 and 300: 8.7.1 Direct Taxes on Income Reside
Page 301 and 302: Tax rates are progressive and diffe
Page 303 and 304: Other terms of Part A will provide
Page 305 and 306: Save as described above, the Pledgo
Page 307 and 308: (a) as soon as practicable after de
Page 309 and 310: new Compartment and issue Securitie
Page 311 and 312: Relevant Member State except that i
Page 313 and 314: Japan (which term as used herein me
Page 315 and 316: (xiii) a copy of this Prospectus to
Page 317: 12. INDEX OF DEFINITIONS This index
Page 321 and 322: Annex 1 314
Page 323 and 324: 316
Page 325 and 326: 318
Page 327 and 328: 320
Page 329 and 330: 322
Page 331 and 332: 324
Page 333 and 334: 326
Page 335 and 336: German translation of the summary o
Page 337 and 338: Zertifikate: Die Emittentin kann In
Page 339 and 340: oder Verwahrstelle tätige Person o
Page 341 and 342: Kündigungsgründe: Die Emissions-
Page 343 and 344: Jeder Anleger sollte angesichts sei
Page 345 and 346: Sofern die begebenen Wertpapiere ei
Page 347 and 348: Finanzinformation Die nachstehenden
Page 349 and 350: estimmte Absicherungsvereinbarungen
Page 351 and 352: zahlbar durch die Emittentin, berec
Page 353 and 354: VBAG ist aufgrund möglicher Unzul
Page 355 and 356: EWR und Schweiz 10.398 24,86% Zentr
Page 357 and 358: en Funktion führen. Zusätzlich k
Page 359 and 360: Risiko im Zusammenhang mit dem Ausf
Page 361 and 362: zu veranlagen, können dies allenfa
Page 363 and 364: Das Währungsrisiko ist das Risiko
Page 365 and 366: eich, Tschechischen Republik, Ungar
Page 367 and 368: - Ergänzenden Emissionsbedingungen
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wird. Aus diesem Grund können sich
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Die Emittentin, die Dealer oder ihr
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LEGAL ADVISERS to the Arranger (Lux
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