HVB DIP 2006-Title Summaryv13.DOC - UniCredit

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every such Note the owners of these Notes will receive shares of Exchange Traded Funds whose market value is
below the nominal value of these Notes or the purchase price paid for each such Note. The owner of such Note,
therefore, may suffer a considerable or total loss in relation to the purchase price paid for such Note.
Index-linked Interest Notes
The amount of interest on such Note accrued during the term of these Notes depends on the development of the
reference index/reference indices related to the issuance and is based on the formula defined in the applicable
Terms and Conditions (Notes/Pfandbriefe). The amount of interest payable by the debtor can be subject to
maximum and/or minimum limits according to the amount. In addition, the bond terms and conditions may also
stipulate a guaranteed minimum interest rate.
Index values are subject to varying degrees of fluctuation. This means that you may suffer a partial or total loss
of interest.
Index-linked Redemption Notes
Index-linked Redemption Notes are repaid on the date of maturity or termination date either at the nominal
amount or at an amount calculated according to the formula defined in the applicable Terms and Conditions
(Notes). The redemption amount can be solely dependent on the closing value of the index, whereby a minimum
repayment and/or a maximum can be established for the repayment (Pfandbriefe will not contain such option).
If the redemption amount is below the purchase price paid to buy these Notes, this can mean that the investor
will not fully recover his invested capital. In that case, there is a capital loss for the difference between the
amount paid to buy these Notes and the redemption amount.
In addition to a guaranteed repayment of the nominal amount, the redemption amount can also be tied to a positive
development of the index. Such an amount, possibly surpassing the nominal amount, may however be
capped.
Index values are subject to varying degrees of fluctuation. In the case of a progressively declining index value,
the probability also increases that, should there be no corresponding guarantee, these Notes will be repaid at a
lower amount than the nominal value of these Notes. The owner of these Notes, therefore, may suffer a considerable
or total loss in relation to the purchase price paid for these Notes.
Share-Linked Interest Notes and Fund (portfolio)-Linked Interest Notes
The amount of interest on Share-Linked Interest Notes and Fund (portfolio)-Linked Interest Notes accrued during
the term of these Notes depends on the development of the share/share basket or fund/fund portfolio related
to the Notes and is based on the formula defined in the applicable Terms and Conditions (Notes). The amount of
interest payable by the debtor can be subject to maximum and/or minimum limits according to the amount. In
addition, the the applicable Terms and Conditions (Notes) may also stipulate a guaranteed minimum interest rate.
Share prices and fund values can be subject to varying degrees of fluctuation. This means that an investor may
suffer a partial or total loss of interest.
Share-Linked Redemption Notes and Fund-Linked Redemption Notes
Share-Linked Redemption Notes and Fund-Linked Redemption Notes are repaid on the date of maturity or termination
date, depending on the development of the share basket or fund/fund portfolio related to the issuance
and according to the formula defined in the applicable Terms and Conditions (Notes) (Pfandbriefe will not contain
such option). The redemption amount payable by the Issuer can be capped.
Share prices and fund values can be subject to varying degrees of fluctuation. This means that an investor may
suffer a partial or total capital loss.
Currency-Linked Interest Notes
The amount of interest on Currency-Linked Interest Notes accrued during the term of these Notes depends on the
market value of the currency/currencies related to the Notes. The amount of interest payable by the Issuer can be
subject to a maximum and/or a minimum limit according to the amount. In addition, the applicable Terms and
Conditions (Notes) may also stipulate a maximum interest rate which would be applicable regardless of market
interest rates being higher at such time which would lead to a decrease in the then current value of such Notes.
Currency rates are subject to varying degrees of fluctuation. This means that an investor may suffer a partial or
total loss of interest.
Currency-Linked Redemption Notes
Currency-Linked Redemption Notes are repaid on the date of maturity or termination date depending on the development
of the market value of the currency/currencies related to the issuance. The redemption amount pay-