Obbligazione Hypo Vorarlberger Bank AG 0.45% ( CH0401956864 ) in CHF

Emittente Hypo Vorarlberger Bank AG
Prezzo di mercato 100 CHF  ▲ 
Paese  Austria
Codice isin  CH0401956864 ( in CHF )
Tasso d'interesse 0.45% per anno ( pagato 1 volta l'anno)
Scadenza 05/03/2024 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Hypo Vorarlberg Bank AG CH0401956864 in CHF 0.45%, scaduta


Importo minimo 5 000 CHF
Importo totale 125 000 000 CHF
Descrizione dettagliata Hypo Vorarlberg Bank AG è una banca austriaca con sede a Bregenz, specializzata in servizi finanziari per privati e aziende, con un focus particolare sul mercato immobiliare regionale.

L'Obbligazione Hypo Vorarlberg Bank AG ISIN CH0401956864 Giunge a Scadenza e Viene Rimborsata Si conferma il rimborso dell'obbligazione emessa da Hypo Vorarlberg Bank AG, codice ISIN CH0401956864, che ha raggiunto la sua data di scadenza prevista per il 05 marzo 2024. Il titolo è stato rimborsato al 100% del suo valore nominale, garantendo la restituzione integrale del capitale agli investitori. Di seguito i dettagli principali dell'emissione: * Tipo di Strumento: Obbligazione * Codice ISIN: CH0401956864 * Paese di Emissione: Austria * Prezzo di Rimborso: 100% * Valuta di Emissione: Franco Svizzero (CHF) * Tasso d'Interesse Nominale: 0.45% * Dimensione Totale dell'Emissione: CHF 125.000.000 * Dimensione Minima del Lotto: CHF 5.000 * Data di Scadenza (Maturità): 05/03/2024 * Frequenza di Pagamento degli Interessi: Annuale (1 volta all'anno) Hypo Vorarlberg Bank AG, l'emittente di questa obbligazione, è un istituto bancario con sede in Austria. Fondata nel 1894, la banca è una delle principali istituzioni finanziarie nella regione del Vorarlberg, operando come banca regionale universale. La sua attività si concentra sulla clientela privata e aziendale, offrendo un'ampia gamma di servizi bancari, inclusi prestiti, gestione patrimoniale e servizi di investimento, con una forte enfasi sul finanziamento immobiliare e sul supporto alle imprese locali. La sua solida reputazione è costruita su una lunga storia di stabilità e affidabilità nel mercato finanziario austriaco, contribuendo a un mercato obbligazionario attivo e ben gestito. Come precedentemente indicato, l'obbligazione, con scadenza fissata per il 05/03/2024, ha completato il suo ciclo di vita finanziario. Il rimborso a parità (100% del valore nominale) conferma la regolare estinzione del debito da parte di Hypo Vorarlberg Bank AG nei confronti degli obbligazionisti. Questo evento segna la chiusura dell'operazione per gli investitori che hanno detenuto il titolo fino alla scadenza, con il capitale investito interamente restituito.







Hypo Vorarlberg Bank AG
(Bregenz, Austria)
CHF 125,000,000 0.450 % Notes due 2024
(the "Notes")
The Notes are issued under the EUR 6,500,000,000 Debt Issuance Programme (the "Programme") established
by Hypo Vorarlberg Bank AG (the "Issuer"). The Notes to be issued are expected to be rated "A3" by Moody's
Deutschland GmbH. Full information on the Notes is only available on the basis of the combination of the debt
issuance programme prospectus dated 27 July 2017 included herein as Annex A (the "Prospectus", which expres-
sion shall include the supplements dated 5 September 2017, 10 October 2017, 8 November 2017 and 14 February
2018 to the Prospectus, each of which is included herein as Annex B), the final terms applicable to the Notes
set forth on page 11 herein (the "Final Terms") in conjunction with the Terms and Conditions of the Notes (the
"Terms and Conditions") and any other information contained in this Swiss Prospectus.
Issuer:
Hypo Vorarlberg Bank AG, Hypo-Passage 1, 6900 Bregenz, Republic of Austria
Issue Price:
The Joint Lead Managers have agreed to purchase the Notes at the price of 100.015 per-
cent of the aggregate nominal amount of the Notes (before commissions and expenses).
Placement Price:
According to demand
Form of Notes:
The Notes will be represented by a Permanent Global Note (for details see § 1 of the Terms
and Conditions). Holders of interests in the Permanent Global Note do not have the right to
request the printing and delivery of definitive Notes.
Denomination:
CHF 5,000 nominal and integral multiples thereof.
Issue Date:
5 March 2018
Maturity Date:
5 March 2024
Early Redemption:
For taxation reasons only, at any time at par with to not less than 30 nor more than 60 days'
notice.
Further Issues:
The Issuer reserves the right to issue further Notes of this Series (for details see § 12 of the
Terms and Conditions).
Status:
The Notes constitute direct, unsecured and unsubordinated obligations of the Issuer ranking
pari passu among themselves and pari passu with all other unsecured and unsubordinated
present and future obligations of the Issuer unless such other obligations take priority by man-
datory provisions of law.
Listing:
The Notes have been provisional y admitted to trading on SIX Swiss Exchange with effect
from 1 March 2018 and application will be made for the Notes to be listed on SIX Swiss
Exchange. The last day of trading of the Notes is expected to be 1 March 2024.
Law and Jurisdiction:
The Notes will be governed by and construed in accordance with German law, place of
jurisdiction is Frankfurt am Main, Germany.
Selling Restrictions:
In particular, but not limited to, United States of America and U.S. persons, European Eco-
nomic Area, Japan and Italy (for details see page 2 of this Swiss Prospectus and pages 365
to 367 of the Prospectus).
Credit Suisse

Zürcher Kantonalbank
(the "Joint Lead Managers")
Swiss Security No.: 40 195 686
ISIN: CH0401956864
Common Code: 178398156
Swiss Prospectus dated 1 March 2018
This Swiss Prospectus has been prepared in connection with the offering and listing of the Notes in Switzerland only. The Notes will not be admitted to trading on a regulated market in the
European Economic Area and will be listed solely on the SIX Swiss Exchange. The Notes must not be offered or sold within the European Economic Area in circumstances where a prospectus is
required to be published under Directive 2003 / 71/ EC, as amended (the Prospectus Directive) and neither the Issuer nor the Joint Lead Managers have authorised, nor do they authorise, the
making of any offer of the Notes in circumstances in which an obligations arises for the Issuer or the Joint Lead Managers to publish a prospectus for such offer. This Swiss Prospectus has not
been reviewed or approved by any competent authority in any Member State of the European Economic Area and does not constitute a prospectus within the meaning of the Prospectus Directive.


Selling Restrictions
The discussion below supplements but does not supersede the discussion beginning on page 365 of the Prospectus under
"Selling Restrictions". For further details please refer to pages 365 to 367 of the Prospectus.
United States of America and U. S. persons
The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Secu-
rities Act") and are in bearer form and subject to U.S. tax law requirements. The Notes may not be offered, sold or delivered
within the United States of America or its possessions or to, or for the account of, U.S. Persons (as defined in Regulation S
("Regulation S") under the Securities Act) in reliance on Regulation S. Each of the Joint Lead Managers has agreed that it will
not offer, sell or deliver Notes within the United States of America or its possessions or to U.S. Persons.
In addition, until 40 days after the commencement of the offering of all Notes, an offer or sale of such Notes within the United
States of America by any dealer (whether or not participating in the offering) may violate the registration requirements of the
Securities Act.
The applicable TEFRA exemption is TEFRA D, in accordance with usual Swiss practice.
European Economic Area, United Kingdom, Japan and general selling restrictions.
Please refer to pages 365 to 367 of Annex A under "Selling Restrictions".
In addition, the following restrictions apply:
Italy
The offering of the Notes has not been registered pursuant to Italian securities legislation and, accordingly, no Notes may be
offered, sold or delivered, nor may copies of this Swiss Prospectus or of any other document relating to the Notes be distributed
in the Republic of Italy, except:
(i) to qualified investors (investitori qualificati), as defined pursuant to Article 100 of Legislative Decree No. 58 of 24 February
1998, as amended (the "Financial Services Act") and Article 34-ter, first paragraph, letter b) of CONSOB Regulation
No. 11971 of 14 May 1999, as amended from time to time ("Regulation No. 11971"); or
(ii) in other circumstances which are exempted from the rules on public offerings pursuant to Article 100 of the Financial Ser-
vices Act and Article 34-ter of Regulation No. 11971.
Any offer, sale or delivery of the Notes or distribution of copies of this Swiss Prospectus or any other document relating to the
Notes in the Republic of Italy under (i) or (ii) above must:
(a) be made by an investment firm, bank or financial intermediary permitted to conduct such activities in the Republic of Italy in
accordance with the Financial Services Act, CONSOB Regulation No. 16190 of 29 October 2007 (as amended from time
to time) and Legislative Decree No. 385 of 1 September 1993, as amended (the "Banking Act"); and
(b) comply with any other applicable laws and regulations or requirement imposed by CONSOB, the Bank of Italy (including
the reporting requirements, where applicable, pursuant to Article 129 of the Banking Act and the implementing guidelines
of the Bank of Italy, as amended from time to time) and/or any other Italian authority.
In accordance with Article 100-bis of the Financial Services Act, where no exemption from the rules on public offerings applies,
Notes which are initially offered and placed in Italy or abroad to qualified investors only but in the following year are systemati-
cally ("sistematicamente") distributed on the secondary market in Italy become subject to the public offer and the prospectus
requirement rules provided under the Financial Services Act and Regulation No. 11971. Failure to comply with such rules may
result in the sale of such Notes being declared null and void and in the liability of the intermediary transferring the financial instru-
ments for any damages suffered by the investors.
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Table of Contents
Page
Selling Restrictions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
General Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Information on the Issuer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Responsibility Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Final Terms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Terms and Conditions of the Notes (German Language Version) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Terms and Conditions of the Notes (English Language Version) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Debt Issuance Programme Prospectus dated 27 July 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annex A
Supplements dated 5 September 2017, 10 October 2017, 8 November 2017 and 14 February 2018
to the Debt Issuance Programme Prospectus dated 27 July 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annex B
Quarterly Report as at 30 September 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annex C
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General Information
This issuance and listing prospectus (the "Swiss Prospectus") shall be read and construed on the basis that (i) the annexes
to this Swiss Prospectus and (ii) the document incorporated by reference in this Swiss Prospectus shall be deemed to be
incorporated in, and to form part of, this Swiss Prospectus.
Except as otherwise stated in this Swiss Prospectus, terms defined in the Prospectus shall have the same meaning when used
in this Swiss Prospectus.
Notice to Investors
The Notes are issued under the Programme of the Issuer. Full information on the Issuer and the Notes is only available on
the basis of the combination of the Prospectus and the Terms and Conditions of the Notes set forth on page 13 (German
language version) and page 21 (English language version), respectively.
The Notes will be governed by and construed in accordance with German law, place of jurisdiction is Frankfurt am Main,
Germany.
The financial institutions involved in the issuance and offering of these Notes are banks, which directly or indirectly have
participated, or may participate, in financing transactions and/or banking business with the Issuer, which are not disclosed
herein.
Investors are advised to familiarise themselves with the entire content of this Swiss Prospectus including the annexes
hereto and the document incorporated by reference in this Swiss Prospectus.
Authorisation
In accordance with authorisations by the Board of Management of the Issuer duly adopted under the Programme, and pursu-
ant to agreements dated 1 March 2018 between the Issuer and the Joint Lead Managers, the Issuer has agreed to issue in
Switzerland 0.450 per cent. Notes 2018 ­ 2024 in the principal amount of CHF 125,000,000.
Use of Proceeds
The net proceeds from the issue of the Notes, amounting to CHF 124,606,250, will be used by the Issuer for its general
funding purposes. None of the Joint Lead Managers shall have any responsibility for, nor be obliged to concern itself with,
the application of such net proceeds.
Documents Incorporated by Reference
The Issuer's Annual Report for the year ended 31 December 2016 is incorporated in, and forms an integral part of, this Swiss
Prospectus by reference.
Significant or Material Change
As at the date hereof, except as disclosed in this Swiss Prospectus, there have been no significant changes in the financial or
trading position of the Issuer since 30 September 2017 (the date of the last published financial statements).
Litigation
As at the date hereof, except as disclosed in the Swiss Prospectus, there are no governmental, legal or arbitration proceed-
ings (including any such proceedings which are pending or threatened of which the Issuer is aware), during a period covering
the previous 12 months which may have, or have had in the recent past, significant effects on the Issuer's financial position or
profitability.
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General Information
Representative
In accordance with Article 43 of the listing rules of the SIX Swiss Exchange Ltd ("SIX Swiss Exchange"), the Issuer has ap-
pointed Credit Suisse AG as its representative to lodge the listing application with SIX Swiss Exchange.
Documents Available
Copies of this Swiss Prospectus and the document incorporated by reference herein are available free of charge from
Credit Suisse AG, Uetlibergstrasse 231, CH-8070 Zurich, Switzerland, or may be obtained upon request by telephone
(+41 44 333 28 86), fax (+41 44 333 57 79) or e-mail to [email protected].
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Information on the Issuer
For detailed corporate and financial information with respect to the Issuer, please refer to the section "Hypo Vorarlberg Bank
AG" on pages 342 to 354 of the Prospectus included herein as Annex A, the Supplements to the Prospectus included
herein as Annex B, the Issuer's Quarterly Report as at 30 September 2017 included herein as Annex C and the Issuer's
Annual Report 2016 incorporated by reference into the Swiss Prospectus.
Dividends
In the last five business years, the Issuer has paid the following dividends:
Financial Year
2017
2016
2015
2014
2013
Dividend
The Issuer has not yet 43.50
10.00
10.00
10.00
(EUR per share)
declared a dividend in
respect of 2017
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Responsibility Statement
The Issuer accepts responsibility for the information contained in this Swiss Prospectus. The Issuer declares that, having taken
all reasonable care to ensure that such is the case, the information contained in this Swiss Prospectus is, to the best of its
knowledge, in accordance with the facts and contains no omission likely to affect its import.
Bregenz, 1 March 2018
For:
Hypo Vorarlberg Bank AG
By:
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Taxation
The fol owing summary of certain aspects of withholding taxes in Switzerland is of a general nature and is included herein
solely for informational purposes. It is no intended to be, nor should it be construed to be, legal or tax advice. Prospective
investors in the Notes should therefore consult their own professional advisers as to the effects of state, local or foreign
laws, including Swiss tax law, to which they may be subject.
The discussion below supplements but does not supersede the discussions beginning on page 355 of the Prospectus under
"Taxation". For further details please refer to pages 355 to 362 of the Prospectus.
Swiss Withholding Tax
Payments by the Issuer of interest on, and repayment of principal of, the Notes, will not be subject to Swiss federal withhold-
ing tax, provided that the Issuer is at all times resident and managed outside Switzerland for Swiss tax purposes.
On 4 November 2015 the Swiss Federal Council announced a mandate to the Swiss Federal Finance Department to institute
a group of experts tasked with the preparation of a new proposal for a reform of the Swiss withholding tax system. The new
proposal is expected to include in respect of interest payments the replacement of the existing debtor-based regime by a paying
agent-based regime for Swiss withholding tax similar to the one published on 17 December 2014 by the Swiss Federal Council
and repealed on 24 June 2015 following the negative outcome of the legislative consultation with Swiss official and private
bodies. Under such a new paying agent-based regime, if enacted, a paying agent in Switzerland may be required to deduct
Swiss withholding tax on any payments or any securing of payments of interest in respect of an Instrument for the benefit of the
beneficial owner of the payment unless certain procedures are complied with to establish that the owner of the Instrument is
not an individual resident in Switzerland.
Automatic Exchange of Information in Tax Matters
On 19 November 2014, Switzerland signed the Multilateral Competent Authority Agreement (the MCAA). The MCAA is
based on article 6 of the OECD/Council of Europe administrative assistance convention and is intended to ensure the uniform
implementation of Automatic Exchange of Information (the AEOI). The Federal Act on the International Automatic Exchange
of Information in Tax Matters (the AEOI Act) entered into force on 1 January 2017. The AEOI Act is the legal basis for the
implementation of the AEOI standard in Switzerland.
The AEOI is being introduced in Switzerland through bilateral agreements or multilateral agreements. The agreements have
been, and will be, concluded on the basis of guaranteed reciprocity, compliance with the principle of specialty (i. e. the informa-
tion exchanged may only be used to assess and levy taxes (and for criminal tax proceedings)) and adequate data protection.
Switzerland has concluded a multilateral AEOI agreement with the EU (replacing the EU savings tax agreement) and has
concluded bilateral AEOI agreements with several non-EU countries.
Based on such multilateral agreements and bilateral agreements and the implementing laws of Switzerland, Switzerland will
begin to collect data in respect of financial assets, including, as the case may be, notes, held in, and income derived thereon
and credited to, accounts or deposits with a paying agent in Switzerland for the benefit of individuals resident in an EU member
state or in a treaty state from, depending on the effectiveness date of the agreement, 2017 or 2018, as the case may be, and
begin to exchange such data from 2018 or 2019.
Swiss Facilitation of the Implementation of the U.S. Foreign Account Tax Compliance Act
Switzerland has concluded an intergovernmental agreement with the U.S. to facilitate the implementation of FATCA. The agree-
ment ensures that the accounts held by U.S. persons with Swiss financial institutions are disclosed to the U.S. tax authorities
either with the consent of the account holder or by means of group requests within the scope of administrative assistance.
Information will not be transferred automatically in the absence of consent, and instead will be exchanged only within the scope
of administrative assistance on the basis of the double taxation agreement between the U.S. and Switzerland. On 8 October
2014, the Swiss Federal Council approved a mandate for negotiations with the U.S. on changing the current direct-notification-
based regime to a regime where the relevant information is sent to the Swiss Federal Tax Administration, which in turn provides
the information to the U. S. tax authorities.
Prospective purchasers of the Notes who might be in the scope of the above should consult their own tax advisor as to the tax
consequences relating to their particular circumstances.
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