Österreichische Volksbanken-Aktiengesellschaft ... - Volksbank AG

(3) Minimum redemption amount ("Floor") and maximum redemption amount
("Cap"). A floor (item 14(viii)) (a Floor) and/or a cap (item 14(ix)) (a Cap) may be
specified in the Final Terms. If the Redemption Amount calculated pursuant to § 6 para 2
is lower than the Floor or higher than the Cap, in the former case the Floor and in the latter
case the Cap shall be payable. In the case of adjustments pursuant to § 9, the Floor
and/or the Cap may be adjusted by the Issuer.
(4) Subscription rate. The subscription rate corresponds to the subscription rate determined
in the Term Sheet and in the Final Terms (item 14(xii)) and is expressed as a decimal
number (the Subscription Rate).
§ 7
(Closing Price. Substitute Price)
(1) Closing price. The closing price (the Closing Price) corresponds to the price of the Underlying,
as determined by the Reference Stock Exchange or the Reference Agent (both
as defined below in § 7 para 3) or, to the extent deviating, as determined by the Calculation
Agent (as defined below in § 14) (i) in the case of Certificates which are no openend-Certificates
on the Determination Date (item 14(vi) of the Final Terms) and, (ii) on
the Early Redemption Date in the case of open-end-Certificates. The closing price will be
commercially rounded to five figures following the decimal point, except where provided
otherwise in the Final Terms (item 14(iv)). If the Determination Date is no Business Day
(as defined in § 11 para 2), the Determination Date shall be deferred according to the Following
Business Day Convention (as defined in § 11 para 2), except where provided otherwise
in the Final Terms (item 14(vi)).
(2) Substitute price. If no Closing Price is determined on the Determination Date of the
Underlying or of an Underlying contained in a Basket, or if a market disruption as defined
in § 8 exists in the opinion of the Issuer on that day, determination shall be deferred
to the next Business Day (as defined below) on which such value may be determined or
on which no market disruption exists. If no value may be determined on the eighth following
Business Day or if the market disruption continues to exist on the eighth Business
Day, the following shall apply:
Underlying is no index. In the case the Underlying of the Certificates is not an index, the
Calculation Agent shall determine the Closing Price on the basis of a substitute price for
the respective Underlying. The substitute price is, as far as available, the price of the Underlying
as determined by the Reference Stock Exchange or by the Reference Agent. In
the case such a price is not determinable, the price for the respective Underlying shall be
the price corresponding to the market conditions prevailing on that day, as determined in
the discretion of the Calculation Agent.
Underlying is an index. In the case the Underlying of the Certificates is an index, the
Calculation Agent shall determine a substitute price by applying the last valid calculation
method. The Calculation Agent will base such calculation on the price of the components
which were last contained in the index on the date on which normally the Closing Price of
the respective index components is determined. If trading of one or more index compo-
198