HVB DIP 2006-Title Summaryv13.DOC - UniCredit

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4 Business Overview........................................................................................................................................228 Germany....................................................................................................................................................228 Austria and CEE........................................................................................................................................229 Corporates & Markets................................................................................................................................231 Real Estate Restructuring...........................................................................................................................231 Principal Markets.......................................................................................................................................232 Administrative, Management and Supervisory Bodies................................................................................232 Major Shareholders....................................................................................................................................234 Selected Consolidated Financial Information..............................................................................................234 Income Statement Data..............................................................................................................................236 Balance Sheet Data....................................................................................................................................238 Assets........................................................................................................................................................238 Shareholders’ Equity and Liabilities...........................................................................................................238 Capitalization of the <strong>HVB</strong> Group...............................................................................................................240 Litigation and Other Proceedings...............................................................................................................241 Taxation........................................................................................................................................................248 Germany....................................................................................................................................................248 Taxation in relation to the Notes.................................................................................................................248 Taxation in relation to the Certificates........................................................................................................250 Taxation in relation to Warrants.................................................................................................................252 Austria.......................................................................................................................................................254 Luxembourg..............................................................................................................................................255 EU Savings Tax Directive..........................................................................................................................256 General Information.......................................................................................................................................257 Pfandbriefe And The German Mortgage Banking Sector.............................................................................257 Selling Restrictions....................................................................................................................................259 Authorization.............................................................................................................................................262 Availability of Documents.........................................................................................................................262 Euroclear, Clearstream, Luxembourg and Clearstream, Frankfurt................................................................262 Material Changes.......................................................................................................................................262 Interest of Natural and Legal Persons involved in the Issue/Offer................................................................262 Use of Proceeds and reasons for the offer...................................................................................................262 Documents incorporated by reference.........................................................................................................263
5 Summary of the Prospectus This summary must be read as an introduction to this Prospectus. Any decision to invest in the Instruments should, however, be based on a consideration of the Prospectus as a whole, including the documents incorporated by reference, any supplements thereto and the Final Terms. No civil liability attaches to the Issuers solely on the basis of the summary, including any translation thereof, unless it is misleading, inaccurate or inconsistent when read together with the other parts of this Prospectus. Where a claim relating to the information contained in this Prospectus is brought before a court in a Member State of the European Union, the plaintiff may, under the national legislation of the Member State where the claim is brought, be required to bear the costs of translating the Base Prospectus before the legal proceedings are initiated. Summary Description of the Instruments Description: Issuer: Arranger/Dealer Distribution: Issuing and Principal Paying Agent: Amount: Currencies: Maturities: Regulatory Matters: Issue Price: Continuously offered Debt Issuance Programme. Bayerische Hypo- und Vereinsbank AG (acting through its head office or one of its foreign branches). Bayerische Hypo- und Vereinsbank AG and any additional Dealer(s) appointed by the Issuer either in respect of one or more tranches or in respect of the whole Programme (the "Dealers"). The Issuer may, from time to time, terminate the appointment of any Dealer under the Programme. By way of a private placement or public offering or on a syndicated or non-syndicated basis. Bayerische Hypo- und Vereinsbank AG (for Instruments deposited with Clearstream, Frankfurt); Citibank, N.A., London Office (for all other Instruments). Euro 50,000,000,000 (or its equivalent in other currencies) outstanding at any one time. The Issuer will have the option at any time to increase the amount of the Programme. Subject to any applicable legal or regulatory restrictions, such currencies or currency units as may be decided by the Issuer, including, without limitation, Euro, Sterling, Swiss Franc, U.S. Dollar and Yen and any other currency or currency unit subject to compliance with all legal and regulatory requirements. Any maturity as may be decided by the Issuer and indicated in the applicable Final Terms, subject to such minimum or maximum maturity as may be allowed or required from time to time by the relevant central bank (or equivalent body) or any laws or regulations applicable to the relevant Specified Currency or the Issuer. In relation to Instruments having a maturity of less than one year, the proceeds of which are accepted in the United Kingdom, certain denomination and distribution restrictions apply. See "–Regulatory Matters". Any issue of Instruments denominated in a currency in respect of which particular laws, regulations, guidelines and central bank requirements apply will only be issued in circumstances which comply with such laws, regulations, guidelines and central bank requirements from time to time. Without prejudice to the generality of the foregoing: In addition, each issue of Instruments denominated in Sterling shall be made in accordance with any applicable requirements from time to time of the Bank of England and the Financial Services Authority. Instruments may be issued on a fully-paid or partly-paid basis and at an issue price which is at par or at a discount to, or premium, over par.
Page 1 and 2: This document constitutes two base
Page 3: 3 TABLE OF CONTENTS Summary of the
Page 7 and 8: 7 linked cash amount ("Structured C
Page 9 and 10: 9 Inflation linked Notes and Certif
Page 11 and 12: 11 stream, Luxembourg") or Clearstr
Page 13 and 14: 13 • Diversion of management reso
Page 15 and 16: 15 German Translation of Summary of
Page 17 and 18: 17 gelt. Das Pfandbriefgesetz hat a
Page 19 and 20: 19 An Anleihen gebundene Wertpapier
Page 21 and 22: 21 Rang der Wertpapiere: Negativver
Page 23 and 24: 23 Da die Wertpapiere gegebenenfall
Page 25 and 26: 25 tegrationsprozess erfolgreich ve
Page 27 and 28: 27 Risk Factors Risks relating to t
Page 29 and 30: 29 Investors should appreciate that
Page 31 and 32: 31 (depending on the volatility of
Page 33 and 34: 33 able by the Issuer can be capped
Page 35 and 36: 35 - If the Warrant debtor liquidat
Page 37 and 38: 37 • Tax Implications Tax Loss Ca
Page 39 and 40: 39 Changes in financial and foreign
Page 41 and 42: 41 impose the closing down of a ban
Page 43 and 44: 43 Pfandbriefe Terms and Conditions
Page 45 and 46: 45 "Zinstagequotient" bezeichnet im
Page 47 and 48: 47 Wenn im vorstehenden Fall (2)(b)
Page 49 and 50: 49 Fonds Gewichtung Maßgebliche B
Page 51 and 52: 51 Die [•] ist "Maßgebliche Term
Page 53 and 54: 53 sondere des Vermögens und des K
Page 55 and 56:
55 billigem Ermessen einen Ersatzwe
Page 57 and 58:
57 (4) Die Anleiheschuldnerin kann
Page 59 and 60:
59 (4) [Diese Emissionsbedingungen
Page 61 and 62:
61 ficial owner or owners of the No
Page 63 and 64:
(a) the offered quotation (if there
Page 65 and 66:
65 [Interest Payment Date] (the "De
Page 67 and 68:
67 [The conversion of the Redemptio
Page 69 and 70:
69 ity, the Issuer shall be entitle
Page 71 and 72:
71 evaluation, corresponds to the m
Page 73 and 74:
73 § 7 (Appointment and Substituti
Page 75 and 76:
75 Notes Terms and Conditions (Note
Page 77 and 78:
77 (c) [bei festen Zinszahlungstage
Page 79 and 80:
79 [maßgeblichen Referenzzinssatz
Page 81 and 82:
81 [Im Falle von 30E/360 oder Eurob
Page 83 and 84:
83 schuldnerin nicht verpflichtet,
Page 85 and 86:
85 bedingungen enthaltene Bezugnahm
Page 87 and 88:
87 Fondsgesellschaft[en] nicht best
Page 89 and 90:
89 eine ausländische Zweigniederla
Page 91 and 92:
91 (e) [Im Falle von nachrangigen S
Page 93 and 94:
93 Structure of the English version
Page 95 and 96:
95 "Calculation Agent" means [inser
Page 97 and 98:
97 est Period. The Interest Amount
Page 99 and 100:
99 [In case of an option to physica
Page 101 and 102:
101 (2) Early Repayment by the Issu
Page 103 and 104:
103 [the [Name of the Rate of Inter
Page 105 and 106:
105 (1) The obligation under the No
Page 107 and 108:
107 (3) The Issuer has appointed th
Page 109 and 110:
109 (2) Notices to the Clearing Sys
Page 111 and 112:
111 liable for so treating such hol
Page 113 and 114:
113 [in the case of Floating Rate C
Page 115 and 116:
115 [If Actual / 365 or Actual / Ac
Page 117 and 118:
117 or before the day that is one h
Page 119 and 120:
119 nation Agent) if "Include Accru
Page 121 and 122:
121 ence Entity Notional Amount of
Page 123 and 124:
123 § 6 (Taxation) (1) All payment
Page 125 and 126:
125 domiciled or resident for taxat
Page 127 and 128:
127 (3) The Issuer agrees that the
Page 129 and 130:
129 Information which is made avail
Page 131 and 132:
131 vider of any Qualifying Guarant
Page 133 and 134:
133 "Equity Securities" means: (A)
Page 135 and 136:
135 "Not Bearer" means any obligati
Page 137 and 138:
137 "Principal Amount Outstanding"
Page 139 and 140:
139 "Restructuring" (a) means that,
Page 141 and 142:
141 ence Obligation was issued or i
Page 143 and 144:
143 (iii) the relevant Final Terms
Page 145 and 146:
145 ""Downstream Affiliate" means a
Page 147 and 148:
147 ments (as defined below) of an
Page 149 and 150:
149 (i) (j) Fully Transferable Obli
Page 151 and 152:
151 Falle einer einmaligen oder meh
Page 153 and 154:
153 (b) die Emittentin (in dieser F
Page 155 and 156:
155 [...]] [Im Falle von Open-End D
Page 157 and 158:
157 lung der jeweiligen Aktienkurse
Page 159 and 160:
159 Annex B [Für Indexzertifikate,
Page 161 and 162:
161 (5) Die Berechnung der Anpassun
Page 163 and 164:
163 gigen Sachverständigen zu dem
Page 165 and 166:
165 Structure of the English Versio
Page 167 and 168:
167 pany or] [relevant (currency) e
Page 169 and 170:
169 ANNEX A [For Index Basket Certi
Page 171 and 172:
171 Ratio") of •. If Adjustments
Page 173 and 174:
173 [(3)/(7)] After the Valuation D
Page 175 and 176:
175 justment such that the economic
Page 177 and 178:
177 [For Share Certificates and Sha
Page 179 and 180:
179 Warrants Terms and Conditions (
Page 181 and 182:
181 (4) Als Ausübungstag des Optio
Page 183 and 184:
183 nerin wird die Ungültigkeit de
Page 185 and 186:
[Diese Optionsbedingungen sind in e
Page 187 and 188:
187 [Im Falle von Indexkorboptionss
Page 189 and 190:
ket][Share price] stipulated on the
Page 191 and 192:
191 Basket Shares] (such as a capit
Page 193 and 194:
193 § [11][12] (Partial invalidity
Page 195 and 196:
195 Annex B [Insert in the event of
Page 197 and 198:
197 3. Specified Currency or Curren
Page 199 and 200:
199 18. (vi) Determination Date(s):
Page 201 and 202:
201 (ii) Optional Redemption Amount
Page 203 and 204:
203 [Funds or ETF: Description of E
Page 205 and 206:
37. If non-syndicated, name and add
Page 207 and 208:
207 46. [Fixed Rate Notes only - Yi
Page 209 and 210:
209 Annex [2] - Final Terms for Cre
Page 211 and 212:
211 Loan: Bond or Loan: [Applicable
Page 213 and 214:
213 Endgültige Bedingungen Bayeris
Page 215 and 216:
215 11. [(i)] Rückzahlungs-/Zahlun
Page 217 and 218:
217 (viii) Bildschirmfeststellung:
Page 219 and 220:
219 (ii) Feststellungstag(e): [●]
Page 221 and 222:
221 Korb aus Währungen: Bildschirm
Page 223 and 224:
223 Abschnitt B: Sonstige Informati
Page 225 and 226:
225 49. Details im Hinblick auf das
Page 227 and 228:
227 - Bank Austria Creditanstalt wi
Page 229 and 230:
229 also manages and distributes a
Page 231 and 232:
231 Bulgaria, Romania, Serbia and M
Page 233 and 234:
233 Andrea Umberto Varese Chief Ris
Page 235 and 236:
235 lation, HVB Group has written d
Page 237 and 238:
237 The consolidated profit (profit
Page 239 and 240:
€ millions As of Dec.31, 2005 aft
Page 241 and 242:
241 Litigation and Other Proceeding
Page 243 and 244:
243 the Senate responsible for bank
Page 245 and 246:
245 nich (Landgericht München I) h
Page 247 and 248:
247 On account of different facilit
Page 249 and 250:
249 of the Note and its redemption
Page 251 and 252:
251 (taxable certificates) would be
Page 253 and 254:
253 administration, if the repaymen
Page 255 and 256:
255 debt-securities; kuponauszahlen
Page 257 and 258:
257 General Information Pfandbriefe
Page 259 and 260:
259 registered office (Sitz) of the
Page 261 and 262:
261 the Programme will be required
Page 263 and 264:
263 Documents incorporated by refer
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HVB DIP 2006-Title Summaryv13.DOC - UniCredit

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