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

[In case of early redemption on the option of the Issuer, insert: 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.]
GENERAL PROVISIONS
1.
2.
3.
4.
5.
6.
7.
8.
9.
Title of Notes: [�]
Series Number: [�]
Status:
Aggregate Nominal Amount of Notes:
Senior
[�]
Specified Currency: [�]
Issue Price: [�]
Issue Surcharge: [�] [Not Applicable]
Specified Denomination(s): [�]
(i) Issue Date:
(ii) Tap Issue
INTEREST RATE
10.
11.
Fixed Rate:
(i) Rate[(s)] of Interest:
(ii) Fixed Interest Commencement Date:
(iii) Fixed Interest Payment Dates:
Floating Rate:
[�]
[Applicable/Not Applicable]
[Applicable/Not Applicable]
(if not applicable, delete the remaining
subparagraphs of this paragraph)
[�] % per annum
[�]
[�]; the first Fixed Interest Payment
Date is the [�]
[Interest Period will be adjusted]
[Interest Period will not be adjusted]
[Applicable/Not Applicable]
(if not applicable, delete the remaining
subparagraphs of this paragraph)
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