COMMERZBANK AKTIENGESELLSCHAFT

withholding or deduction shall equal the respective amounts of principal and interest
which would otherwise have been receivable in respect of the Notes in the absence of
such withholding or deduction.
Status: The Notes will be issued as senior credit-linked Notes, which will constitute direct and
unsecured obligations of the Issuer and will rank at least pari passu with all other
unsecured and unsubordinated obligations of the Issuer.
Negative Pledge and
Cross Default:
The Notes will contain no negative pledge and no cross default clause.
Governing Law: The laws of the Federal Republic of Germany.
Place of Jurisdiction: Place of jurisdiction shall be Frankfurt am Main. The Issuer expressly submits to the
jurisdiction of the courts of the Federal Republic of Germany.
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