DIE ERSTE österreichische Spar-Casse ... - ERSTE Stiftung

[in the case of "Actual/365" or "Actual/Actual (ISDA)":
The actual number of days in the Calculation Period divided by 365 (or, if any portion of
the Calculation Period falls in a leap year, the sum of (i) the actual number of days in
that portion of the Calculation Period falling in a leap year divided by 366 and (ii) the
actual number of days in that portion of the Calculation Period falling in a non-leap year
divided by 365).]
[in the case of "Actual/365 (Fixed)" insert:
The actual number of days in the Calculation Period divided by 365.]
[in the case of "Actual/360":
The actual number of days in the Calculation Period divided by 360.]
§ 6
Redemption
(1) [insert in case of Notes with a fixed maturity date: The Notes shall be redeemed at
their Final Redemption Amount on [insert maturity date] (the "Maturity Date").]
[in case of Notes without fixed maturity date insert other relevant provisions]
[insert further events/definitions]
[(2) in case of early redemption at the option of the Issuer, insert: The Issuer may
redeem all [or some only] of the Notes then outstanding on [insert optional
redemption date(s)] ([the] [each an] "Optional Redemption Date") at their Optional
Redemption Amount (as defined below), together with any interest accrued until (but
excluding) the relevant Optional Redemption Date upon having given not less than
[five] [insert other number] Business Days' notice to the Noteholders in accordance
with § 12. Any such redemption must refer to Notes with a principal amount equal to a
Specified Denomination or a multiple of it. [in case of a partial redemption insert: In
the case of a partial redemption of Notes, the Notes to be redeemed will be selected in
accordance with the rules of [the Central Securities Depositary] [insert other rules] at
the latest 30 days before the specified redemption date.
Notice: Investors should note that where the Terms and Conditions of the Notes
provide for a right of early redemption by the Issuer only, Noteholders usually receive a
higher yield on their Notes than they would if they were also granted a right to early
redeem the Notes. The Noteholders are not entitled to redeem the Notes prior to their
maturity. Excluding the Noteholders' right to redeem Notes prior to their maturity is often
a precondition for the Issuer being able to hedge its exposure under the Notes. Thus,
without early redemption by Noteholders being excluded, the Issuer would not be able
to issue Notes at all, or the Issuer would factor the potential hedging break costs into
the redemption amount of the Notes, thus reducing the yield investors receive from the
Notes. Investors should therefore carefully consider whether they think that a right of
early redemption only for the Issuer would be to their detriment, and should, if they think
that this is the case, not invest in the Notes.]
[(2)]/[(3)] The "Final Redemption Amount" [in respect of each Note shall be [its
Specified Denomination] [otherwise, insert Final Redemption Amount per
Specified Denomination or other calculation method].]
[The "Optional Redemption Amount" in respect of each Note shall be [its Specified
Denomination] [otherwise, insert Final Redemption Amount per Specified
Denomination or other calculation method].]
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