Vorarlberger Landes- und Hypothekenbank Aktiengesellschaft

More documents

Recommendations

Info

Auditing of historical annual financial information 52 PwC INTER-TREUHAND Wirtschaftsprüfungs- und Steuerberatungsgesellschaft, Erdbergstraße 200, 1030 Vienna, Republic of Austria ("PwC") has audited Hypo Landesbank Vorarlberg's consolidated financial statements for the fiscal years ending on 31 December 2008 and 31 December 2009 (incorporated by reference in this Prospectus) and has issued an unqualified opinion thereon. SIGNIFICANT CHANGE IN THE ISSUER'S FINANCIAL OR TRADING POSITION There have been no significant changes in the financial or trading positions of Hypo Landesbank Vorarlberg since 31 December 2009. LEGAL AND ARBITRATION PROCEEDINGS The Issuer has not been involved in governmental, legal or arbitration proceedings during the previous 12 months (including any such proceedings which are pending or threatening to occur and of which the Issuer is aware), which may have significant effects on the Issuer and/or the Group's financial position or profitability. MATERIAL CONTRACTS There are no material contracts which are not entered into within the ordinary course of the business of Hypo Landesbank Vorarlberg. RECENT DEVELOPMENTS AND OUTLOOK Hypo Investment Bank: The sale of the issuer's subsidiary Hypo Investment Bank (Liechtenstein) AG to the Swiss banking-group Valartis was completed after verification by the financial regulator in Liechtenstein. The sale was effected as of 17 December 2009. The business model of Hypo Landesbank Vorarlberg does not require any major adaption in view of business strategy already in place. The entire market territory is viewed as an expanded home market, operating essentially in Vorarlberg, the Lake Constance region, and the Republic of Austria, as well as on a highly selective basis in bordering eastern Switzerland, southern Germany and Northern Italy. Considerable general business risks besides cyclically caused credit risks are possible changes in the regulatory framework such as the discussed "bank-tax". DOCUMENTS ON DISPLAY The following documents are available and may be consulted on www.hypovbg.at. Articles of Association, consolidated financial statements for the fiscal years ending on 31 December 2008 and 31 December 2009 and Schedule 9 of the Amended and Restated Fiscal Agency Agreement dated 28 May 2010 (the "Agency Agreement").
53 Terms and Conditions of the Notes The Terms and Conditions of the Notes (the "Terms and Conditions") are set forth below in two Parts: PART I sets out the basic terms (the "Basic Terms") comprising the Terms and Conditions that apply to (a) Series of Notes in bearer form (other than Pfandbriefe) (Part I(A)); and (b) Series of Pfandbriefe in bearer form (Part I (B)). PART II sets forth two supplements (the "Supplements") to the Basic Terms: (a) in PART II (A) those provisions that apply to Notes in registered form (other than Pfandbriefe) and which are supplemental to the provisions of PART I (A); and (b) in Part II (B) those provisions that apply to Pfandbriefe in registered form and which are supplemental to the provisions of PART I (B). The Basic Terms and the Supplements thereto together constitute the Terms and Conditions. * * * This Series of Notes is issued pursuant to [in the case of Notes (other than Pfandbriefe) in bearer form and Notes (including Pfandbriefe) in registered form insert: an Amended and Restated Fiscal Agency Agreement dated as of 28 May 2010 (the "Agency Agreement") between Vorarlberger Landes- und Hypothekenbank Aktiengesellschaft (the "Issuer") and Deutsche Bank Aktiengesellschaft] [in the case of Pfandbriefe in bearer form insert: the Amended and Restated Austrian Fiscal Agency Rules dated as of 28 May 2010 (the "Austrian Fiscal Agency Rules") promulgated by Vorarlberger Landes- und Hypothekenbank Aktiengesellschaft (the "Issuer") in its capacity as issuer and] as fiscal agent (the "Fiscal Agent", which expression shall include any successor fiscal agent thereunder) and the other parties named therein. Copies of the Agency Agreement may be obtained free of charge at the specified office of the Fiscal Agent, at the specified office of any Paying Agent and at the head office of the Issuer. [In the case of Long-Form Conditions, and, in case of Notes (including Pfandbriefe) in registered form, if the Terms and Conditions and the Final Terms are to be attached, insert: The provisions of these Terms and Conditions apply to the Notes as completed, modified, supplemented or replaced, in whole or in part, by the Final Terms which are attached hereto (the "Final Terms"). The blanks in the provisions of these Terms and Conditions which are applicable to the Notes shall be deemed to be completed by the information contained in the Final Terms as if such information were inserted in the blanks of such provisions; any provisions of the Final Terms modifying, supplementing or replacing, in whole or in part, the provisions of these Terms and Conditions shall be deemed to so modify, supplement or replace the provisions of these Terms and Conditions; alternative or optional provisions of these Terms and Conditions as to which the corresponding provisions of the Final Terms are not completed or are deleted shall be deemed to be deleted from these Terms and Conditions; and all provisions of these Terms and Conditions which are inapplicable to the Notes (including instructions, explanatory notes and text set out in square brackets) shall be deemed to be deleted from these Terms and Conditions, as required to give effect to the Final Terms. Copies of the Final Terms may be obtained free of charge at the specified office of the Fiscal Agent and at the specified office of any Paying Agent provided that, in the case of Notes which are not listed on any stock exchange, copies of the relevant Final Terms will only be available to Holders of such Notes.]
Page 1 and 2: This document constitutes two base
Page 3 and 4: 3 In respect of the issue of any Tr
Page 5 and 6: 5 Part II - Addenda to the Basic Te
Page 7 and 8: 7 Deutsche Bank Aktiengesellschaft
Page 9 and 10: 9 Summary The following constitutes
Page 11 and 12: 11 Fixed Rate Notes and Step-Up and
Page 13 and 14: 13 Since 1 January 2010 Ernst & You
Page 15 and 16: Switzerland: 15 The Issuer has expa
Page 17 and 18: 17 loans (in the case of Public Pfa
Page 19 and 20: 19 Entities (as specified in the ap
Page 21 and 22: Resolutions of Holders Holders' Rep
Page 23 and 24: 23 P-1 (Rating für kurzfristige Ba
Page 25 and 26: Allgemeine Risiken in Bezug auf str
Page 27 and 28: 27 Landesbank Baden-Württemberg un
Page 29 and 30: Trend Information 29 Seit der Verö
Page 31 and 32: Beschreibung der Schuldverschreibun
Page 33 and 34: Ergänzungskapitalschuldverschreibu
Page 35 and 36: Vorzeitige Rückzahlung aus Steuerg
Page 37 and 38: 37 Risk Factors Risk Factors regard
Page 39 and 40: 39 instruments unless it has the ex
Page 41 and 42: 41 Note is exposed to the risk that
Page 43 and 44: Substitution of the Issuer 43 The T
Page 45 and 46: 45 Main categories of products sold
Page 47 and 48: 47 The following companies were inc
Page 49 and 50: 49 FINANCIAL INFORMATION CONCERNING
Page 51: 51 Statement of cash flows on the b
Page 55 and 56: 55 together the "ICSDs")] [Oesterre
Page 57 and 58: (c) [If any Interest Payment Date w
Page 59 and 60: 59 [(5)] Notification of Rate of In
Page 61 and 62: 61 District of Columbia) and its po
Page 63 and 64: [In the case of Notes other than Su
Page 65 and 66: 65 Fiscal Agent: Deutsche Bank Akti
Page 67 and 68: 67 (3) Notice. Any notice, includin
Page 69 and 70: 69 newspaper having general circula
Page 71 and 72: 71 B. TERMS AND CONDITIONS OF PFAND
Page 73 and 74: 73 (d) In this § 3 "Business Day"
Page 75 and 76: 75 by the Calculation Agent shall (
Page 77 and 78: 77 [In the case of Notes other than
Page 79 and 80: 79 Fiscal Agent for cancellation. I
Page 81 and 82: 81 PART II - ADDENDA TO THE BASIC T
Page 83 and 84: 83 [§ 6 (AGENTS) to be replaced in
Page 85 and 86: 85 B. PFANDBRIEFE IN REGISTERED FOR
Page 87 and 88: 87 [If a Calculation Agent other th
Page 89 and 90: 89 Teil I - GRUNDBEDINGUNGEN A. ANL
Page 91 and 92: 91 nachrangigen Verbindlichkeiten d
Page 93 and 94: 93 ["[Londoner] [zutreffenden ander
Page 95 and 96: 95 [Im Fall von Nullkupon-Schuldver
Page 97 and 98: 97 (4) Erfüllung. Die Emittentin w
Page 99 and 100: 99 Wahl-Rückzahlungstag(e) (Call)
Page 101 and 102: 101 [Im Fall von Ergänzungskapital
Page 103 and 104:
103 § 9 KÜNDIGUNG (1) Kündigungs
Page 105 and 106:
105 Gegenstand eine Änderung der A
Page 107 and 108:
107 er legt eine Kopie der die betr
Page 109 and 110:
109 Bei jeder Tilgung oder Zahlung
Page 111 and 112:
111 EURIBOR ist, einfügen: Tausend
Page 113 and 114:
113 [Im Fall von anders Strukturier
Page 115 and 116:
115 Ratenzahlungstermin(e) Rate(n)
Page 117 and 118:
117 (2) Ankauf. Die Emittentin ist
Page 119 and 120:
119 TEIL II - ZUSÄTZE ZU DEN GRUND
Page 121 and 122:
121 dem diese Geschäftsbanken für
Page 123 and 124:
123 B. NAMENSPFANDBRIEFE Die unten
Page 125 and 126:
125 [§ 6 (DIE EMISSIONSSTELLE [,]
Page 127 and 128:
127 DESCRIPTION OF RULES REGARDING
Page 129 and 130:
129 In case of Notes listed on the
Page 131 and 132:
131 Part I.: Terms and Conditions T
Page 133 and 134:
� Notes without nominal amount (
Page 135 and 136:
INTEREST (§ 3) ZINSEN (§ 3) � F
Page 137 and 138:
Minimum and Maximum Rate of Interes
Page 139 and 140:
139 Early Redemption at the Option
Page 141 and 142:
141 Name and address of the Holders
Page 143 and 144:
Eurosystem eligibility( 31 ) EZB-F
Page 145 and 146:
[Einzelheiten hier einfügen] 145
Page 147 and 148:
� Qualified and Non-qualified Inv
Page 149 and 150:
149 Geld- und Briefkursen erwirtsch
Page 151 and 152:
151 them if the resulting income ta
Page 153 and 154:
153 Insofar as the Notes have not b
Page 155 and 156:
155 Also with respect to limited ta
Page 157 and 158:
157 Pfandbriefe Pfandbriefe are sta
Page 159 and 160:
General 159 Selling Restrictions Ea
Page 161 and 162:
161 made and will not make an offer
Page 163 and 164:
Use of Proceeds 163 General Informa
Page 165 and 166:
165 Documents on Display Following
Page 167 and 168:
Barclays Bank PLC 5, The North Colo
show all

Vorarlberger Landes- und Hypothekenbank Aktiengesellschaft

Create successful ePaper yourself

Delete template?

Save as template?