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

last day shall not be considered to be shortened to a 30-day month, or (B) the last day of the Calculation
Period is the last day of the month of February in which case the month of February shall
not be considered to be lengthened to a 30-day month)).
(c) In the case of 30E/360 or Eurobond Basis (see item 25 of the Final Terms):
The number of days in the Calculation Period divided by 360 (unless in the case of the last Calculation
Period the due date falls on the last day of the month of February in which case the month of
February shall not be considered to be lengthened to a 30-day month).
(d) In the case of Actual/365 or Actual/Actual (ISDA) (see item 25 of the Final Terms):
The actual number of days in the Calculation Period divided by 365 (or, if any portion of that Calculation
Period falls in a leap year, the sum of (i) the actual number of days in that portion of the
Calculation Period falling in a leap year divided by 366 and (ii) the actual number of days in that
portion of the Calculation Period not falling in a leap year divided by 365).
(e) In the case of Actual/365 (Fixed) (see item 25 of the Final Terms):
The actual number of days in the Calculation Period divided by 365.
(f) In the case of Actual/360 (see item 25 of the Final Terms):
The actual number of days in the Calculation Period divided by 360.
(11) Binding declarations of the Calculation Agent. All certificates, communications, opinions, determinations,
calculations, quotations and decisions given, expressed, made or obtained for the purposes of the
provisions by the Calculation Agent shall (in the absence of manifest error) be binding on the Issuer, the
Cash Manager, the Principal Paying Agent, the Paying Agents, the Calculation Agents and the Noteholders.
§ 4
(Redemption)
(1) Redemption on maturity date. Unless previously redeemed and cancelled, the Notes shall be redeemed
at their Redemption Amount (as defined below) on the maturity date (see item 6 of the Final Terms) (the
Maturity Date). The Notes are perpetual if they are not redeemed at maturity. Notes with a Target
Coupon (see item 20c of the Final Terms) will, if on an Interest Payment Date the Target Coupon is
reached, be redeemed on such Interest Payment Date at par or at the Redemption Amount determined in
the Final Terms (item 29). If the Notes are only redeemed partially, the Notes to be redeemed will be selected
according to the provisions of the relevant Clearing System, to the extent existing.
(2) Redemption Amount. The Redemption Amount is determined according to the redemption method
selected in the Final Terms (items 13 and 29):
(a) In the case of redemption at par, the Redemption Amount for each Note is par.
(b) In the case of redemption at a percentage of par, the Redemption Amount will be calculated for
each Note according to the Final Terms (item 29).
(c) In the case of redemption not below par, the Redemption Amount for each Note equals the
amount calculated according to the Final Terms (item 29a(ii)) which may be linked to an Underlying
(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
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