Österreichische Volksbanken-Aktiengesellschaft ... - Volksbank AG

5.7 Terms and Conditions of the Certificates
The Certificates under the Programme will be issued according to the following Terms and
Conditions (the Certificate Conditions or Conditions).
The provisions of the following Conditions apply as completed, modified, supplemented or
replaced, in whole or in part, by the terms of the final terms which are attached hereto (the Final
Terms) (by way of reference to the respective items in the Final Terms stated in brackets).
Terms which are printed in italics in the Conditions are defined in the Final Terms. As far as
these Certificate Conditions and the Final Terms are inconsistent, the Final Terms shall prevail
over the Conditions. The Final Terms may also foresee changes to the Conditions, to the extent
permitted by the applicable laws and regulations.
References in the Certificate Conditions to the term sheet (the Term Sheet) refer to the term
sheet in which the respective issue of Certificates is described in the form of a summary and
which the Final Terms are attached to as an integral part.
The Final Terms may be inspected during normal business hours at the offices of the Principal
Paying Agent, any Paying Agent and at the seat of the Issuer and copies of the Final Terms may
be obtained free of charge from these offices, provided that, in the case of Certificates which are
not listed on any stock exchange, copies of the relevant Final Terms will only be available to
holders of the Certificates (the Certificate Holders).
§ 1
(Currency. Form. Type of Issue. Denomination. Representation. Custody)
(1) Currency. Form. Österreichische Volksbanken-Aktiengesellschaft (the Issuer) issues
Certificates (the Certificates) in the currency determined in the Term Sheet and in the Final
Terms (item 8) (the Specified Currency). The Certificates are bearer instruments and
are freely transferable.
(2) Type and price of the issue. The Certificates are issued as permanent issues or as single
issues, as determined in the Final Terms (item 3). The issue price is determined in the
way specified in the Term Sheet and in the Final Terms (item 11). In the case of a permanent
issue (which is an issue of Certificates that may be subscribed during the term of
the Certificates at the discretion of the Issuer), the issue price shall be determined in the
Term Sheet and in the Final Terms (item 11) as of the start of the term of the Certificates
and shall then be fixed by the Issuer continuously according to the market conditions prevailing
from time to time. The Issuer intends to (without being obliged to) provide current
purchase and sale prices under normal market conditions. However, the Issuer shall not
have an obligation vis-à-vis the Certificate Holders to quote such prices or regarding the
level or realisation of such prices.
(3) Denomination. The Certificates are issued in an aggregate principal amount as determined
in the Final Terms (item 9) or in the number of units specified in the Final Terms
(item 9) and are divided into denominations with the specified denomination (or the
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