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

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§ 16 (Language) If German is determined as the binding language in the Final Terms (item 56), the German text of the Conditions and the Final Terms shall be binding for the respective issue of Notes, and if English is determined as the binding language, the English version shall be binding. If specified in the Final Terms (item 56), the version in the other language is a translation which is provided for convenience only. 83
6.3.1 Supplementary Terms and Conditions for Cash-or-Share-Notes If the Final Terms (item 35) specify the Supplementary Terms and Conditions for Cash-or-Share-Notes to be applicable, the Terms and Conditions of the Notes will be completed and supplemented by inclusion of the provisions stated below. As far as the Supplementary Terms and Conditions for Cash-or-Share-Notes and the Terms and Conditions of the Notes are inconsistent, the Supplementary Terms and Conditions for Cash-or- Share-Notes stated below shall prevail. § 4a (Definitions) Adjustment Event means any of the following events and, if not comprised in the following, the Adjustment Events listed in § 3 Part B para 4: (a) a division, consolidation or reclassification of the Shares (excluding mergers) or a distribution of dividends under the Shares to existing shareholders in the form of a special dividend, in the form of bonus shares or a similar event. (b) distribution or dividend payment to existing holders consisting of (i) new shares or (ii) other share capital or securities, which grant the right to receive dividends and/or liquidation proceeds from the issuer of the respective share capital and the securities on equal terms or on a pro-rate basis in relation to the respective payments to holders of the respective Shares, (iii) share capital or other securities, which the issuer of the Shares receives or holds (directly or indirectly) from a spin-off or similar transaction or (iv) of another type of securities, rights or qualification certificate against payment (in cash or otherwise) of less than the relevant market value, as determined by the Calculation Agent. (c) an Extraordinary Dividend; (d) a payment request by the issuer with regard to shares, which are not yet fully paid in; (e) a repurchase of the Shares by the issuer or one of its subsidiaries, be it from profit or capital, and equally, whether the consideration in the course of such a repurchase is paid in cash, in the form of securities or otherwise; (f) any event which results with regard to the issuer of the Shares in a distribution or separation of shareholders rights from the subscribed capital, and which follows a defence package developed against hostile takeovers, which foresees in the case of occurrence of certain events the distribution of preferred capital, warrants, notes or assets for a price which is below market level, as determined by the Calculation Agent, given that any adjustment made because of such an event must be withdrawn after a termination of such rights; or (g) any other similar event, which may affect the theoretical price of the Shares in a diminishing or concentrating way. Price in Case of Settlement Disruption has the value determined in the Final Terms (see item 35(xii)). Shares or Underlyings are determined in the Final Terms (see item 35(ii)). Share Basket Transactions means an issue of Notes which are identified in the Final Terms (see item 35(i)) as such. Extraordinary Dividends means the amount determined in the Final Terms (see item 35(iv)) or determined there in another way per Share. When no extraordinary dividend is determined in the Final Terms, the characterisation of a dividend or of a part thereof as extraordinary dividend will be determined by the Calculation Agent. Extraordinary Event is a merger, a tender offer, a nationalisation, an insolvency, a delisting or any other event which may result in the exercise of a termination or cancellation right with regard to the Underlying. 84
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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
Page 39 and 40: the risk of not being able to recei
Page 41 and 42: In VBAG's case, market risk may in
Page 43 and 44: Not EU-Europe 2,506 5,99% USA & Can
Page 45 and 46: 3.4 Risks Regarding the Securities
Page 47 and 48: terms of the Pledge, be adjusted ac
Page 49 and 50: Factors influencing the credit spre
Page 51 and 52: Trading risk The listing of the Sec
Page 53 and 54: addition, a future yield expected b
Page 55 and 56: tially stronger impact on the price
Page 57 and 58: edemption will be made by delivery
Page 59 and 60: if the securities are marketed in a
Page 61 and 62: - Alexis Kamarowsky is a German law
Page 63 and 64: Cash Manager Subject to the terms o
Page 65 and 66: 5. THE AUSTRIAN BANKING MARKET The
Page 67 and 68: Payments Payment of principal and i
Page 69 and 70: The Noteholders hold a co-ownership
Page 71 and 72: elow). In such a case it will be in
Page 73 and 74: Exchange is not a Trading Day, or s
Page 75 and 76: (3) Maximum and/or Minimum Rate of
Page 77 and 78: last day shall not be considered to
Page 79 and 80: days (or within another notice peri
Page 81 and 82: § 5 (Payments) (1) Redemption curr
Page 83 and 84: (d) are payable by reason of a chan
Page 85 and 86: (d) the New Issuer is in the positi
Page 87 and 88: lent Market) (provided that Part B
Page 89: (ii) a description of the market in
Page 93 and 94: Scheduled Closing Time means in res
Page 95 and 96: (b) determine the days or the day r
Page 97 and 98: These Final Terms do not constitute
Page 99 and 100: 10. Specified Denomination: [l] [l]
Page 101 and 102: (iv) Other terms relating to the me
Page 103 and 104: [l] [Specify relevant screen page]
Page 105 and 106: (ii) Interest periods: - Interest c
Page 107 and 108: 26. Interest Payment Date(s): not a
Page 109 and 110: (v) Notice period: 2 31. Early Rede
Page 111 and 112: 38. Intended to be held in a manner
Page 113 and 114: OPERATIONAL INFORMATION 47. ISIN Co
Page 115 and 116: 1. LISTING Listing: Admission to tr
Page 117 and 118: The Issuer specifically points to t
Page 119 and 120: [Insert, as applicable: Obligor of
Page 121 and 122: [Insert Names] The following person
Page 123 and 124: forth herein concerning the Obligor
Page 125 and 126: [Insert the following: details of a
Page 127 and 128: matters. Investors should participa
Page 129 and 130: states and the District of Columbia
Page 131 and 132: market disruption exists. If no val
Page 133 and 134: of the assets and the capital of th
Page 135 and 136: have increased substantially (inclu
Page 137 and 138: (b) In the case of application of t
Page 139 and 140: (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
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(iv) Andere Spesen: [l] 6 BESCHREIB
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ners des Serienhauptvermögenswerte
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(vi) Abschlussprüfer Abschlussprü
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(i) Allgemeine Informationen 9 [Jur
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[Folgendes einfügen: Angaben über
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Zusätzliche Risikofaktoren: [sofer
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If interest is realised upon aliena
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8.2 Germany Prospective investors a
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8.3 Czech Republic The following te
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Furthermore, if the Securities form
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Income obtained and taxed abroad is
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8.4.2.2.2 Non Residents Non residen
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Participating Member State, althoug
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8.6.1 Slovak Income Taxation Regard
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3. A third entity seated in the EU
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8.6.2.3 Income received from abroad
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8.7.1 Direct Taxes on Income Reside
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Tax rates are progressive and diffe
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Other terms of Part A will provide
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Save as described above, the Pledgo
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(a) as soon as practicable after de
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new Compartment and issue Securitie
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Relevant Member State except that i
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Japan (which term as used herein me
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(xiii) a copy of this Prospectus to
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12. INDEX OF DEFINITIONS This index
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IT 34 Luxembourg Account Bank......
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Annex 1 314
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316
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318
Page 327 and 328:
320
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322
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324
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326
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German translation of the summary o
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Zertifikate: Die Emittentin kann In
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oder Verwahrstelle tätige Person o
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Kündigungsgründe: Die Emissions-
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Jeder Anleger sollte angesichts sei
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Sofern die begebenen Wertpapiere ei
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Finanzinformation Die nachstehenden
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estimmte Absicherungsvereinbarungen
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zahlbar durch die Emittentin, berec
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VBAG ist aufgrund möglicher Unzul
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EWR und Schweiz 10.398 24,86% Zentr
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en Funktion führen. Zusätzlich k
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Risiko im Zusammenhang mit dem Ausf
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zu veranlagen, können dies allenfa
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Das Währungsrisiko ist das Risiko
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eich, Tschechischen Republik, Ungar
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- 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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