Landeskreditbank Baden-Württemberg - L-Bank

DESCRIPTION OF THE DEBT SECURITIES
The following is a brief summary of the terms and conditions of the Debt Securities to be issued by L-Bank
in distinct series from time to time, and an agency agreement dated March 22, 2005, among L-Bank, Deutsche
Bank Aktiengesellschaft and Deutsche Bank Trust Company Americas, pursuant to which the Debt Securities
will be issued (the “Agency Agreement”). Copies of the Agency Agreement and the forms of the Debt Securities
are filed as exhibits to the Registration Statement of which this prospectus is a part. This summary does not
purport to be complete and is qualified in its entirety by reference to such exhibits. The particular terms of each
issue of Debt Securities will be described in the prospectus supplement relating to such Debt Securities. Matters
presented in this summary may be varied if so specified in a prospectus supplement.
General
The prospectus supplement that relates to your Debt Securities will specify the following terms:
• the title of the Debt Securities;
• whether the Debt Securities will be Senior Debt Securities or Subordinated Debt Securities;
• the price or prices at which we will issue the Debt Securities;
• the aggregate principal amount, and any limitation of that amount, of the Debt Securities;
• the currency in which the Debt Securities will be denominated and the denominations in which we may
issue the Debt Securities;
• the maturity date or dates of the Debt Securities, on which we must repay principal;
• the currency or currencies and in which we may pay principal and interest;
• the interest rate, if any, which the Debt Securities will bear and, if variable, the method by which the
interest rate will be determined;
• the date from which interest will accrue, and the dates on which we must pay interest, and the record
dates for payment of interest;
• whether any amount payable on the Debt Securities will be determined based on an index, price or
formula, and how any such amount will be determined;
• where and how we will pay principal and interest;
• whether and in what circumstances the Debt Securities may be redeemed before maturity;
• whether the Debt Securities may be issued in fully registered form, in bearer form with interest coupons,
or both and any restrictions on the exchange of one form for the other;
• in the case of bearer Debt Securities, any applicable United States tax restrictions;
• whether any part or all of the Debt Securities will be in the form of a global security and the
circumstances in which a global security is exchangeable for certificated (physical) Debt Securities; and
• any other terms of the Debt Securities.
If applicable, the prospectus supplement that relates to your Debt Securities will describe whether and in
what circumstances they will be exchangeable for other Debt Securities. The prospectus supplement that relates
to your Debt Securities will also describe any special United States federal income tax or other considerations
applicable to your Debt Securities.
There will be a registrar and principal paying agent or a principal paying agent, as applicable, generally
referred to as “Agents”, for us in connection with each series of Debt Securities. The duties of the Agents are
governed by the Agency Agreement and the particular terms of each issue of Debt Securities. The Agents may
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