DEPFA Deutsche Pfandbriefbank AG CHF 100,000,000 3.125 ...

Inverse Floating Rate
Instruments:
Dual Currency
Instruments:
FX Linked
Instruments:
Target Redemption
Instruments:
Ratchet Instruments:
Range Accrual
Instruments:
CMS Linked
Instruments:
Index Linked
Instruments:
Equity Linked
Instruments:
Credit Linked
Instruments:
Commodity Linked
Instruments:
(iii) on such other basis as may be agreed between the relevant Issuer and the relevant
Dealer, as set out in the relevant Final Terms,
as adjusted for any applicable margin. Interest periods, interest payment dates, the relevant
day count fraction(s) and the method(s) for calculating interest will be set out in the relevant
Final Terms.
The interest payable on Inverse Floating Rate Instruments will be calculated as the
difference between a fixed rate of interest and a floating rate of interest with the latter being
determined as set out in the subsection entitled "Floating Rate Instruments" above.
Payments (whether in respect of principal and/or interest and whether at maturity or
otherwise) in respect of Dual Currency Instruments will be made in such currency or
currencies, and based on such rate or rates of exchange, as the relevant Issuer and the
relevant Dealer may agree.
Payments (whether in respect of principal and/or interest) in respect of FX Linked
Instruments are linked to a variable foreign currency exchange rate.
Target Redemption Instruments may offer a floating rate of interest or a combination of
fixed and floating rates of interest with the aggregate amount of interest to be paid under the
Instruments limited by an overall maximum rate of interest. If the aggregate amount of
interest to be paid under the Instruments equals or exceeds the overall maximum rate of
interest the Instruments will be redeemed early at their nominal amount or at an early
redemption amount as specified in the relevant Final Terms. Should the amounts of interest
paid in respect of the Target Redemption Instruments not yield the overall maximum rate of
interest prior to the last interest period of the relevant Instruments, the Instruments will be
redeemed at their nominal amount on the maturity date.
Either the rate of interest or the maximum rate of interest to be paid under a Ratchet
Instrument is calculated depending on the rate of interest calculated for a preceding interest
period. The final redemption amount of a Ratchet Instrument may be related to the
cumulative performance of a number of features until the maturity date, with the possibility
that the final redemption amount may or may not exceed the nominal amount.
Range Accrual Instruments may bear a fixed or floating rate of interest or a combination of
fixed and floating rates of interest if a certain reference rate or the sum of certain reference
rates or the difference between certain reference rates does not equal or exceed or fall below
certain parameters during the relevant interest period.
CMS Linked Instruments offer a floating rate of interest which is determined by reference to
certain specified swap rates.
Payments of interest (if any) in respect of Index Linked Interest Instruments or of principal
in respect of Index Linked Redemption Instruments will be calculated by reference to such
index or basket of indices or formula or to changes in the price(s) of the relevant
underlying(s) or to such other factors as the relevant Issuer and the relevant Dealer may
agree (as set out in the relevant Final Terms).
Payments of interest (if any) in respect of Equity Linked Interest Instruments or of principal
in respect of Equity Linked Redemption Instruments will be calculated by reference to a
single equity security or a basket of equity securities or formula or to changes in the price(s)
of the relevant underlying(s) or to such other factors as the relevant Issuer and the relevant
Dealer may agree (as set out in the relevant Final Terms).
No Instruments will be issued under the Programme which (i) would constitute "equity
securities" as described in Article 2 (1) (b) of the Prospectus Directive, or (ii) can be
converted or exchanged into either (a) unlisted equity securities, or (b) equity securities of an
entity that belongs to the same group of companies as the relevant Issuer.
Payment of interest (if any) and/or principal in respect of Credit Linked Instruments will
depend on the credit status of one or more reference debtors other than the relevant Issuer.
Payments of interest (if any) in respect of Commodity Linked Interest Instruments or of
principal in respect of Commodity Linked Redemption Instruments will be calculated by
reference to a single commodity or a basket of commodities or formula relating to a single
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