Österreichische Volksbanken-Aktiengesellschaft ... - Volksbank AG

(c) In the case of "redemption not below par", the Redemption Amount for each Note
equals the amount calculated according to the Final Terms (item 29a(ii)) which
may be linked to an Underlying (or a Basket), as determined and described in the
Final Terms (item 29a(i)), however at least at par.
(d) In the case of "redemption linked to an underlying", the Redemption Amount for
each Note equals the amount calculated according to the Final Terms (item 29a(ii))
which is linked to an Underlying (or Basket), as described and determined in the
Final Terms (item 29a(i)). The Final Terms may contain a minimum redemption
amount (item 29a(ix)) and/or a maximum redemption amount (item 29a(x)), as
well as other details (item 29a(xi) with regard to redemption. The number of figures
following the decimal point, up to which the Redemption Amount and the Underlying
are rounded is determined according to the provisions in the Final Terms
(item 29a(iii)), or, as far as not otherwise provided there, the number of figures following
the decimal point corresponds to the number specified by the Reference
Stock Exchange or the screen page for such Underlying.
(e) In case of "net loss bearing" for Notes which represent Supplementary Capital or
Subordinated Supplementary Capital, the net losses accrued during the term of the
Notes will be deducted from the Redemption Amount prior to a liquidation of the
Issuer. "Net loss" shall be interpreted in accordance with sec 23 para 7 of the Austrian
Banking Act.
The Final Terms may determine further redemption modalities (eg redemption pursuant
to a redemption table, item 29b). In the case of "Cash-or-Share-Notes", the "Supplemental
Terms and Conditions for Cash-or-Share-Notes" shall apply and constitute an integral
part of these Conditions.
(3) Redemption linked to an underlying. If the Redemption Amount is linked to an Underlying
(or a Basket), the adjustment provisions and market disruption provisions of § 3 part
B para 4 shall apply analogously.
Commercial property rights. The Issuer has been granted the permission to use the
commercial property rights regarding the Underlying, if required. Details are stated in the
Final Terms (item 28), to the extent applicable.
Notification of adjustments. The Issuer will notify adjustments and the determination
date on which the adjustments become effective promptly pursuant to § 11.
Binding adjustments. Adjustments according to the preceding paragraphs will be effected
by the Issuer and are (absent manifest error) binding on all persons involved. Further
market disruptions, Adjustment Events and/or changes of Adjustment Events may be
contained in the Final Terms (item 29a(xi)).
(4) Early redemption due to tax reasons. If applicable according to the Final Terms (item
32), the Notes will be redeemed upon discretion of the Issuer in full but not in part at any
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