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Österreichische Volksbanken-Aktiengesellschaft ... - Volksbank AG

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if such limitation continues to exist until the end of trading hours on the respective<br />

day.<br />

If a market disruption continues to exist on the eighth trading day on the relevant<br />

Reference Stock Exchange or if the value of the relevant Underlying can not be determined<br />

due to other reasons, the Issuer shall be entitled to determine in its reasonable<br />

discretion a relevant value for the Underlying affected by the market disruption,<br />

which according to its opinion corresponds to the then prevailing market<br />

conditions on such Trading Day. Additional market disruption events and/or<br />

changes of market disruption events may be contained in the Final Terms (item<br />

20b(xi)).<br />

(e) Other provisions. Further details regarding the calculation of interest linked to an<br />

Underlying or Basket may be contained in the Final Terms, especially rules on the<br />

composition of the Underlying(s) (or the Basket), the observation period, the starting<br />

value, the barrier and the determination dates. If not stated otherwise, the number<br />

of figures following the decimal point to which the Rate of Interest und the<br />

Underlying will be rounded corresponds to the number of figures following the<br />

decimal point used by the Reference Stock Exchange or shown on the screen page<br />

for the Underlying, except if provided otherwise in the Final Terms (item 20b(ix)).<br />

Part C - Stepped coupon<br />

For Notes with a stepped coupon (item 12 of the Final Terms), the following shall apply:<br />

(1) Rate of Interest and fixed coupon amount. The Notes shall bear interest on their Specified<br />

Denominations or per unit at the rates of interest determined in the Final Terms (item<br />

21) from and including the interest commencement dates (item 21 of the Final Terms)<br />

(each an Interest Commencement Date) to and including the interest termination dates<br />

(item 21 of the Final Terms).<br />

(2) Due date. Each Interest Amount (as defined in § 3 part G para 1) shall be due and payable<br />

on each Interest Payment Date (as defined in § 3 part G para 5).<br />

Part D – Zero coupon Notes<br />

For zero coupon Notes (item 12 of the Final Terms), the following shall apply:<br />

No interest is paid during the term of the Notes. Interest will be paid on redemption. If determined<br />

in the Final Terms (item 22), the Redemption Amount will be calculated pursuant a formula<br />

(which may be based on an internal rate of return stated in the Final Terms).<br />

Part E – No interest payments<br />

For Notes with no interest accrual (item 12 of the Final Terms), no interest is paid.<br />

75

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