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Rabobank Nederland - Robeco.com

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Rating:<br />

Early Redemption:<br />

Taxation:<br />

Withholding Tax:<br />

Risk Factors:<br />

Governing Law:<br />

Listing:<br />

Subscription period:<br />

Effective yield:<br />

Selling Restrictions:<br />

Senior Notes issued under the Programme have been rated AA+ by Fitch<br />

Ratings Ltd. Senior long term Notes issued under the Programme have<br />

been rated Aaa by Moody’s and AAA by Standard & Poor’s. Tranches of<br />

Notes issued under the Programme may be rated or unrated. Where a<br />

Tranche of Notes is rated, such rating will not necessarily be the same as<br />

the rating applicable to Senior Notes issued under the Programme and will<br />

be specified in the relevant Final Terms. A security rating is not a<br />

re<strong>com</strong>mendation to buy, sell or hold securities and may be subject to<br />

suspension, reduction or withdrawal at any time by the assigning rating<br />

agency.<br />

There have been no recent events particular to <strong>Rabobank</strong> <strong>Nederland</strong><br />

which are, to a material extent, relevant to the evaluation of its solvency.<br />

Except as provided in ‘Optional Redemption’ above, Notes will be<br />

redeemable at the option of the Issuer prior to maturity only for tax reasons.<br />

See ‘Terms and Conditions of the Notes — Redemption, Purchase and<br />

Options’.<br />

<strong>Rabobank</strong> <strong>Nederland</strong> is a Dutch resident for tax purposes. For the Dutch<br />

tax consequences of the Noteholders see ‘Taxation’.<br />

All payments of principal and interest in respect of the Notes will be made<br />

free and clear of withholding taxes of the Netherlands, Australia or<br />

Singapore, as the case may be, subject to the exceptions and limitations<br />

as described in ‘Terms and Conditions of the Notes — Taxation’.<br />

The purchase of Notes may involve substantial risks and is suitable only for<br />

investors who have the knowledge and experience in financial and<br />

business matters necessary to enable them to evaluate the risks and the<br />

merits of an investment in the Notes. A description of the material risks<br />

relating to the Notes and to the Issuer is contained under the heading ‘Risk<br />

Factors’.<br />

Dutch law.<br />

Euronext Amsterdam, the ‘Bourse de Luxembourg’ of the Luxembourg<br />

Stock Exchange, or as otherwise specified in the relevant Final Terms. As<br />

specified in the relevant Final Terms, a Series of Notes may be unlisted.<br />

If applicable, see the relevant Final Terms.<br />

If applicable, see the relevant Final Terms.<br />

United States, European Economic Area, United Kingdom, the<br />

Netherlands, Australia, Singapore, the Republic of France and Japan. See<br />

‘Plan of Distribution’.<br />

For the purposes of Regulation S under the Securities Act, Category 2<br />

selling restrictions shall apply.<br />

In the case of Bearer Notes offered to non-U.S. persons and certain eligible<br />

U.S. persons, such Notes will be issued in <strong>com</strong>pliance with U.S. Treas.<br />

Reg. §1.163-5(c)(2)(i)(D) (the ‘D Rules’) unless (i) the relevant Final Terms<br />

states that the Notes are issued in <strong>com</strong>pliance with U.S. Treas. Reg.<br />

§1.163-5(c)(2)(i)(C) (the ‘C Rules’) or (ii) the Notes are issued other than in<br />

<strong>com</strong>pliance with the D Rules or the C Rules but in circumstances in which<br />

the Notes will not constitute ‘registration required obligations’ under the<br />

United States Tax Equity and Fiscal Responsibility Act of 1982 (‘TEFRA’),<br />

which circumstances will be referred to in the relevant Final Terms as a<br />

transaction to which TEFRA is not applicable. In the case of a distribution<br />

under Rule 144A of the Securities Act, Notes will be issued in registered<br />

form, as defined in U.S. Temp. Treas. Reg. §5f.103-1(c).<br />

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