Obbligazione Hypo Vorarlberger Bank AG 0.125% ( CH0593893917 ) in CHF

Hypo Vorarlberger Bank AG

100 CHF ▲

Austria

CH0593893917 ( in CHF )

0.125% per anno ( pagato 1 volta l'anno)

23/08/2028

Prospetto opuscolo dell'obbligazione Hypo Vorarlberg Bank AG CH0593893917 en CHF 0.125%, scadenza 23/08/2028

5 000 CHF

150 000 000 CHF

23/08/2025 ( In 105 giorni )

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.

The Obbligazione issued by Hypo Vorarlberger Bank AG ( Austria ) , in CHF, with the ISIN code CH0593893917, pays a coupon of 0.125% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 23/08/2028

This Swiss Prospectus is dated 19 February 2021 and has been approved by SIX Exchange Regulation Ltd in its capacity as review body pursuant
to article 52 of the Swiss Financial Services Act on _________________.
Hypo Vorarlberg Bank AG
(incorporated in Austria with limited liability)
CHF 150,000,000 0.125 per cent. Senior Notes due 23 August 2028
This prospectus (the Swiss Prospectus) relates to (i) the offering of CHF 150,000,000 in aggregate principal amount of 0.125 per cent. Senior Notes
due 23 August 2028 (the Notes) to be issued by Hypo Vorarlberg Bank AG (the Issuer) under its EUR 6,000,000,000 Debt Issuance Programme (the
Programme) and (ii) the admission to trading and listing of the Notes on the SIX Swiss Exchange. The terms and conditions applicable to the Notes (the
Terms of the Notes) are set out in Part I. of the Final Terms relating to the Notes included in this Swiss Prospectus beginning on page 12 hereof (the
Final Terms). The Debt Issuance Programme Prospectus dated 17 July 2020 (the Prospectus) is incorpor ated herein by reference (see "About this
Swiss Prospectus--Documents Incorporated by Reference" on page 10 of this Swiss Prospectus). Capitalized terms used but not defined below have
the meanings assigned to such terms in the Terms of the Notes or elsewhere in this Swiss Prospectus. The Notes are expected upon issue to be rated
A3 by Moody's Deutschland GmbH. A security rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, modification
or withdrawal at any time by the assigning rating agency.
Issuer:
Hypo Vorarlberg Bank AG, Hypo-Passage 1, 6900 Bregenz, Austria

Legal Entity Identifier (LEI): NS54DT27LJMDYN1YFP35
Issue Date:
The Notes will be issued on 23 February 2021 (the Issue Date), with settlement on the Issue Date being effected
on a delivery versus payment basis.
Interest Rate and
0.125 per cent. per annum, payable annually in arrears on 23 August in each year (each such date, an Interest
Interest Payment Dates:
Payment Date), commencing on 23 August 2021. There will be a short first interest period from the Issue Date to
the first Interest Payment Date.
Issue Price:
Subject to certain conditions, Credit Suisse AG and UBS AG (collectively, the Managers) have agreed to purchase
the Notes from the Issuer at the price of 100.459 per cent. (before commissions and expenses) of the aggregate
principal amount of the Notes.
Placement Price:
According to demand.
Maturity Date:
23 August 2028
Final Redemption Amount:
100 per cent. of the aggregate principal amount of the Notes.
Reopening:
The Issuer reserves the right to reopen this issue of Notes at any time through the issuance of further notes that are
fungible with the Notes in accordance with § 12 of the Terms of the Notes.
Early Redemption:
For taxation reasons, at par, in accordance with § 5 of the Terms of the Notes.
Key Covenants:
Pari passu clause and events of default clause (including cross-default), each as further described in the Terms of the
Notes.
Status:
The Notes constitute direct, unsecured and unsubordinated obligations of the Issuer ranking in the event of insolvency
or liquidation of the Issuer pari passu among themselves and pari passu with all other unsecured and unsubordinated
instruments or obligations of the Issuer except for any instruments or obligations preferred or subordinated by law.
Withholding Tax:
All payments of principal and interest in respect of the Notes will be made free and clear of withholding taxes of the
Republic of Austria or Switzerland, in each case subject to certain exceptions, with respect to the Republic of Austria
as described in § 7 of the Terms of the Notes. See also "Taxation in Switzerland" beginning on page 31 of this Swiss
Prospectus.
Form of the Notes:
The Notes are represented in the form of a permanent global note (Dauerglobalurkunde) in accordance with art-
icle 973b of the Swiss Code of Obligations (the Permanent Global Note), which will be deposited with SIX SIS
Ltd (SIX SIS). Neither the Issuer nor any holder of Notes will at any time have the right to effect or demand the
conversion of the Permanent Global Note into, or the delivery of, individually certificated securities (Wertpapiere) or
uncertificated securities (Wertrechte).
Clearing and Settlement:
SIX SIS, with further clearing and settlement through Euroclear Bank SA/NV and Clearstream Banking, S.A.
Denomination/Trading Lot:
CHF 5,000 and integral multiples thereof.
Admission to Trading and
It is expected that the Notes will be provisionally admitted to trading on the SIX Swiss Exchange as of 19 Feb-
Listing:
ruary 2021. Application will be made for definitive admission to trading and listing of the Notes on the SIX Swiss
Exchange as soon as practicable thereafter and (if granted) will only be granted after the Issue Date. The last trading
day for the Notes on the SIX Swiss Exchange is expected to be 21 August 2028.
Selling Restrictions:
For restrictions on the offering, sale and delivery of the Notes, see "Notice to Investors" beginning on page 3 of this
Swiss Prospectus and "Selling Restrictions" beginning on page 322 of the Prospectus.
Governing Law and Place
The Notes are governed by German law. The status provisions in § 2 of the Terms of the Notes shall be
of Jurisdiction:
governed by, and shall be construed exclusively in accordance with, Austrian law. The Regional Court (Landgericht)
of Frankfurt am Main shall have non-exclusive jurisdiction for any action or other legal proceedings arising out of or in
connection with the Notes.
Swiss Security Number: 59389391
ISIN: CH0593893917
Common Code: 229597973
Credit Suisse
UBS Investment Bank
Swiss Prospectus dated 19 February 2021

IMPORTANT INFORMATION
This Swiss Prospectus will not be updated for any developments that occur after its date. In particular,
this Swiss Prospectus is not required to be updated as of the date of the approval by SIX Exchange
Regulation Ltd in its capacity as Swiss review body pursuant to article 52 of the Swiss Financial
Services Act of 15 June 2018 (the FinSA). Consequently, neither the delivery of this Swiss Prospectus
nor the offering, sale or delivery of any Notes shall in any circumstances imply that the information
contained herein concerning the Issuer is correct at any time subsequent to the date hereof or that
any other information supplied in connection with the issue of the Notes is correct as of any time
subsequent the date indicated in the document containing the same.
This Swiss Prospectus has been prepared by the Issuer solely for use in connection with the offering of the Notes
and for the admission to trading and listing of the Notes on the SIX Swiss Exchange. The Issuer has not authorized
the use of this Swiss Prospectus for any other purpose.
This Swiss Prospectus is to be read in conjunction with all documents incorporated by reference herein. This Swiss
Prospectus shall be read and construed on the basis that such documents are incorporated into and form part of
this Swiss Prospectus. See "About this Swiss Prospectus--Documents Incorporated by Reference" on page 10
of this Swiss Prospectus.
An investment in the Notes will involve certain risks, including the risk that holders of Notes will lose
their entire investment in the Notes. For a discussion of certain risks that potential investors should
carefully consider before deciding to invest in any Notes, see "Risk Factors" beginning on page 10
of the Prospectus, which is incorporated herein by reference.
No person is or has been authorized by the Issuer or the Managers to give any information or to make any representa-
tion not contained in or not consistent with this Swiss Prospectus or any other information supplied in connection
with the Notes and, if given or made, such information or representation must not be relied upon as having been
authorized by the Issuer or the Managers.
Neither this Swiss Prospectus nor any other information supplied in connection with the Notes (i) is intended to
provide the basis of any credit or other evaluation or (ii) should be considered as a recommendation by the Issuer
or the Managers that any recipient of this Swiss Prospectus or any other information supplied in connection with
the Notes should purchase any Notes. Each potential investor contemplating purchasing any Notes should make
its own independent investigation of the financial condition and affairs, and its own appraisal of the creditworthiness,
of the Issuer. Neither this Swiss Prospectus nor any other information supplied in connection with the issue of the
Notes constitutes an offer or invitation by or on behalf of the Issuer or the Managers to any person to subscribe for
or to purchase any Notes.
The Managers
The Managers have not verified the information contained herein. Additionally, no representation, warranty or undertaking,
express or implied, is made and no responsibility or liability is accepted by the Managers as to the accuracy or
completeness of the information contained or incorporated in this Swiss Prospectus or any other information provided
by the Issuer in connection with the Notes.
To the fullest extent permitted by law, the Managers accept no responsibility whatsoever for the contents of this
Swiss Prospectus or for any other statement, made or purported to be made by the Managers or on their behalf in
connection with the Issuer or the issuance, offering and admission to trading or listing of the Notes. The Managers
accordingly disclaim all and any liability whether arising in tort or contract or otherwise (save as referred to above)
that they might otherwise have in respect of this Swiss Prospectus or any such statement.
The Managers and certain of their respective affiliates have provided, and/or may provide in the future, investment
banking, commercial banking, advisory and other financial services for the Issuer and its affiliates in the ordinary
course of business for which they have received and will receive customary fees and reimbursement of expenses.
Furthermore, in the ordinary course of their business activities, the Managers and their respective affiliates may make
or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities)
and financial instruments (which may include bank loans and/or credit default swaps) for their own account and for
2

the accounts of their customers and may, at any time, hold long or short positions in such investments and securities.
Such investment and securities activities may involve the securities and/or instruments of the Issuer. The Managers
and their respective affiliates may also make investment recommendations and/or publish or express independent
research views in respect of such securities or instruments and may at any time hold (for their own account or for
the account of their customers), or recommend to clients that they acquire, long and/or short positions in such
securities and instruments.
Notice to Investors
This Swiss Prospectus does not constitute an offer to sell or the solicitation of an offer to buy any Notes in any
jurisdiction to any person to whom it is unlawful to make an offer or solicitation in such jurisdiction. The distribution
of this Swiss Prospectus and the offer or sale of the Notes may be restricted by law in certain jurisdictions. Neither
the Issuer nor the Managers represent that this Swiss Prospectus may be lawfully distributed, or that any Notes may
be lawfully offered, in compliance with any applicable registration or other requirements in any such jurisdiction, or
pursuant to an exemption available thereunder, or assume any responsibility for facilitating any such distribution or
offering. In particular, no action has been taken by the Issuer or the Managers that is intended to permit a public
offering of any Notes or distribution of this Swiss Prospectus in any jurisdiction where action for that purpose is
required other than Switzerland. Accordingly, no Notes may be offered or sold, directly or indirectly, and neither this
Swiss Prospectus nor any advertisement or other offering material may be distributed or published in any jurisdiction,
except under circumstances that will result in compliance with any applicable laws and regulations. Persons into
whose possession this Swiss Prospectus or any Notes may come must inform themselves about, and observe, any
such restrictions on the distribution of this Swiss Prospectus and the offering and sale of Notes. In addition to "United
States" and "European Economic Area and the United Kingdom" below, see "Sel ing Restrictions" beginning on
page 322 of the Prospectus.
United States
The Notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the
Securities Act) and are subject to U.S. tax law requirements. Subject to certain exceptions, the Notes may not be
offered, sold or delivered within the United States of America (the United States or the U.S.) or to or for the account
or benefit of U.S. persons (as such terms are defined in Regulation S under the Securities Act). For more information,
see "Sel ing Restrictions" beginning on page 322 of the Prospectus.
European Economic Area and the United Kingdom
For the purpose of the selling restriction set forth on page 323 and 324 of the Prospectus, the expression "Prospectus
Regulation" means Regulation (EU) No 2017/1129, in case of the United Kingdom as it forms part of domestic law
of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018.
Notice to Potential Investors in the European Economic Area
This Swiss Prospectus is an advertisement and not a prospectus for the purposes of Regulation (EU) 2017/1129,
as amended (the Prospectus Regulation).
The Notes will not be admitted to trading on a regulated market in the European Economic Area and must not be
offered or sold within the European Economic Area in circumstances where a prospectus is required to be published
under the Prospectus Regulation. Neither the Issuer, nor the Managers have authorized, nor do they authorize, the
making of any offer of the Notes in circumstances in which an obligation arises for the Issuer or the Managers to
publish a prospectus within the meaning of the Prospectus Regulation 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.
Notice to Potential Investors in the United Kingdom
This Swiss Prospectus is an advertisement and not a prospectus for the purposes of the Prospectus Regulation as
it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
3

Switzerland No Basic Information Document (Basisinformationsblatt)
In accordance with article 59(1) of the FinSA and article 86(3) of the Swiss Financial Services Ordinance of
6 November 2019, no Basic Information Document is required for, and no Basic Information Document has been
or will be prepared for, the offering of the Notes.
Target Market
A distributor subject to the Markets in Financial Instruments Directive 2014/65/EU (as amended or replaced from
time to time) or the UK Financial Conduct Authority Handbook Product Intervention and Product Governance
Sourcebook is responsible for undertaking its own target market assessment in respect of the Notes and determining
appropriate distribution channels.

4

TABLE OF CONTENTS
IMPORTANT INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

The Managers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Notice to Investors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Target Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
TABLE OF CONTENTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

A. Information on the Issuer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

B. Information on the Terms of the Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

C. Information on the Offering . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

D. Information on the Admission to Trading and Listing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

E. Information on Prospectus Approval. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
GENERAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
ABOUT THIS SWISS PROSPECTUS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS. . . . . . . . . . . . . . . .
11
FINAL TERMS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12

Terms and Conditions of the Notes (English Language Version) . . . . . . . . . . . . . . . . . . . . . . . . . . .
14

Terms and Conditions of the Notes (German Language Version) . . . . . . . . . . . . . . . . . . . . . . . . . . 22
TAXATION IN SWITZERLAND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
5

SUMMARY
This summary should be read as an introduction to this Swiss Prospectus. Any decision to invest
in the Notes should be based on a consideration of this Swiss Prospectus as a whole, including
any documents incorporated by reference into this Swiss Prospectus. Potential investors in the
Notes should be aware that liability under article 69 of the FinSA for any false or misleading
information contained in this summary is limited to any such information that is false or misleading
when read together with, or that is inconsistent with, the other parts of this Swiss Prospectus.
A. Information on the Issuer
Issuer:
Hypo Vorarlberg Bank AG, Bregenz, Austria (the Issuer)

The Issuer is a stock corporation (Aktiengesellschaft) organized under the laws of the
Republic of Austria, with its registered office located at Hypo-Passage 1, 6900 Bregenz,
Republic of Austria. For more information on the Issuer and its business, see "Hypo
Vorarlberg Bank AG as Issuer" beginning on page 306 of the Prospectus.
Legal Entity Identifier
NS54DT27LJMDYN1YFP35
(LEI):
Issuer's auditor:
Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H., Wagramer Straße 19, IZD-Tower,
1220 Vienna, Republic of Austria.
B. Information on the Terms of the Notes
Notes:
CHF 150,000,000 0.125 per cent. Senior Notes due 23 August 2028 (the Notes) to
be issued under the Issuer's EUR 6,000,000,000 Debt Issuance Programme.
Issue Date:
23 February 2021 (the Issue Date)
Interest Commence-
23 February 2021 (the Interest Commencement Date)
ment Date:
Maturity Date:
23 August 2028 (the Maturity Date)
Final Redemption
100 per cent. of the aggregate principal amount of the Notes.
Amount:
Interest Rate and
The Notes will bear interest at a fixed rate of 0.125 per cent. per annum from (and
Interest Payment Dates: including) the Interest Commencement Date to (but excluding) the Maturity Date,
payable annually in arrears on 23 August in each year (each such date, an Interest
Payment Date), commencing on 23 August 2021. There will be a short first interest
period from the Interest Commencement Date to the first Interest Payment Date.
Denomination/
CHF 5,000 and integral multiples thereof.
Trading Lot:
Status:
The Notes constitute direct, unsecured and unsubordinated obligations of the Issuer
ranking in the event of insolvency or liquidation of the Issuer pari passu among themselves
and pari passu with all other unsecured and unsubordinated instruments or obligations
of the Issuer except for any instruments or obligations preferred or subordinated by
law.
Form:
The Notes are represented in the form of a permanent global note (Dauerglobalurkunde)
in accordance with article 973b of the Swiss Code of Obligations (the Permanent
Global Note), which will be deposited with SIX SIS Ltd (SIX SIS). Neither the Issuer
6

nor any holder of Notes wil at any time have the right to effect or demand the conversion
of the Permanent Global Note into, or the delivery of, individually certificated securities
(Wertpapiere) or uncertificated securities (Wertrechte).
Reopening:
The Issuer reserves the right to reopen this issue of Notes at any time through the
issuance of further notes that are fungible with the Notes in accordance with § 12 of
the Terms of the Notes.
Early Redemption:
For taxation reasons, at par, in accordance with § 5 of the Terms of the Notes.
Key Covenants:
Pari passu clause and events of default clause (including cross-default), each as
further described in the Terms of the Notes.
Withholding Tax:
All payments of principal and interest in respect of the Notes will be made free and
clear of withholding taxes of the Republic of Austria or Switzerland, in each case
subject to certain exceptions, with respect to the Republic of Austria as described in
§ 7 of the Terms of the Notes.
Swiss Principal
Credit Suisse AG
Paying Agent:
Swiss Paying Agent:
UBS AG
Governing Law and
The Notes are governed by German law. The status provisions in § 2 of the Terms
Jurisdiction:
of the Notes shall be governed by, and shall be construed exclusively in accordance
with, Austrian law. The Regional Court (Landgericht) of Frankfurt am Main shall have
non-exclusive jurisdiction for any action or other legal proceedings arising out of or in
connection with the Notes.
C. Information on the Offering
Offering:
The offering described herein consists of a public offering of Notes in Switzerland,
and of private placements of Notes to prospective investors outside of Switzerland
and the United States of America in reliance on Regulation S under the U.S. Securities
Act of 1933, as amended, in each case in compliance with applicable laws and
regulations. See "Notice to Investors" beginning on page 3 of this Swiss Prospectus
and "Selling Restrictions" beginning on page 322 of the Prospectus, which is incorpor-
ated herein by reference.
Issue Price:
100.459 per cent. (before commissions and expenses) of the aggregate principal
amount of the Notes.
Placement Price:
According to demand.
Delivery: Delivery
versus payment (DVP).
Clearing and Settlement: SIX SIS. Further clearing and settlement through both Euroclear Bank SA/NV and
Clearstream Banking, S.A.
Ratings:
The Notes are expected upon issue to be rated A3 by Moody's Deutschland GmbH.
A security rating is not a recommendation to buy, sell or hold securities and may be
subject to suspension, modification or withdrawal at any time by the assigning rating
agency.
Material Risks:
An investment in Notes involves certain risks. For a discussion of certain risks that
potential investors should carefully consider before deciding to invest in any Notes,
see "Risk Factors" beginning on page 10 of the Prospectus, which is incorporated
herein by reference.
7

Net Proceeds /
The net proceeds from the issue of the Notes, amounting to CHF 150,251,000, will
Use of Proceeds:
be used for general financing purposes of the Issuer.
Security Numbers:
Swiss Security Number:
59389391

ISIN (International Securities Identification Number): CH0593893917

Common Code:
229597973
Selling Restrictions:
The Notes are subject to restrictions on their offering, sale and delivery both generally
and specifically in the United States of America and to U.S. persons, the European
Economic Area, the United Kingdom of Great Britain and Northern Ireland and Japan,
in each case as described under "Sel ing Restrictions" beginning on page 322 of the
Prospectus, which is incorporated herein by reference.
The Managers:
Credit Suisse AG und UBS AG
D. Information on the Admission to Trading and Listing
Swiss Trading Venue:
SIX Swiss Exchange.
Admission to Trading
It is expected that the Notes will be provisionally admitted to trading on the SIX
and Listing:
Swiss Exchange as of 19 February 2021. Application will be made for definitive admission
to trading and listing of the Notes on the SIX Swiss Exchange as soon as practicable
thereafter and (if granted) will only be granted after the Issue Date. The last trading
day for the Notes on the SIX Swiss Exchange is expected to be 21 August 2028.
E. Information on Prospectus Approval
Swiss Review Body:
SIX Exchange Regulation Ltd, Hardturmstrasse 201, 8005 Zurich, Switzerland (the
Swiss Review Body).
Prospectus Date and
This Swiss Prospectus is dated 19 February 2021 and was approved by the Swiss
Approval:
Review Body on the date specified on the cover page of this Swiss Prospectus.

This Swiss Prospectus will not be updated for any developments that occur after its
date. In particular, this Swiss Prospectus is not required to be updated as of the date
of the approval by the Swiss Review Body.
8

GENERAL INFORMATION
Subscription
The Managers have, pursuant to a subscription agreement dated as of the date of this Swiss Prospectus (the Sub
scription Agreement), severally and not jointly agreed with the Issuer, subject to certain conditions, to subscribe
their respective quotas of Notes as set forth and agreed therein. The Issuer has agreed to pay certain commissions
to the Managers and to reimburse the Managers for certain of their expenses in connection with the issue of the
Notes. The Subscription Agreement entitles the Managers to terminate it in certain circumstances prior to the payment
of the purchase price for the Notes being made to the Issuer.
Representative
In accordance with article 58a of the Listing Rules of the SIX Swiss Exchange, the Issuer has appointed Credit
Suisse AG to file the application with SIX Exchange Regulation Ltd in its capacity as competent authority for the
admission to trading (including the provisional admission to trading) and listing of the Notes on the SIX Swiss
Exchange.
Authorization
The issuance of the Notes has been duly authorized by the Issuer's managing board in accordance with corporate
authorizations duly adopted under the Programme.
Statutory Auditors
Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H., Wagramer Straße 19, IZD-Tower, 1220 Vienna, Republic of
Austria, have been appointed as the Issuer's auditors, and in such capacity are supervised by Abschlussprüfer
aufsichtsbehörde (APAB).
Articles of Association of the Issuer
The articles of association of the Issuer are dated 28 October 2020.
Court, Arbitral and Administrative Proceedings
Except as otherwise disclosed in this Swiss Prospectus (including in the documents incorporated by reference
herein), there are no pending or threatened court, arbitral or administrative proceedings of which the Issuer is aware
that are of material importance to the Issuer's assets and liabilities or profits and losses.
No Material Change
Except as otherwise disclosed in this Swiss Prospectus (including in the documents incorporated by reference
herein), no material changes have occurred in the Issuer's assets and liabilities, financial position or profits and
losses since 31 December 2019.
Net Proceeds and Use of Proceeds
The net proceeds from the issue of the Notes, amounting to CHF 150,251,000, will be used for general financing
purposes of the Issuer.
Responsibility Statement
Hypo Vorarlberg Bank AG, Bregenz, Austria, accepts responsibility for the content of this Swiss Prospectus and
declares that the information contained herein is, to the best of its knowledge, correct and no material facts or cir-
cumstances have been omitted herefrom.
9

ABOUT THIS SWISS PROSPECTUS
Documents Incorporated by Reference
The following documents are incorporated by reference into, and are an important part of, this Swiss Prospectus:
(1) the Debt Issuance Programme Prospectus dated 17 July 2020, which is accessible as of the date of this Swiss
Prospectus under:

https://www.hypovbg.at/fileadmin/Hypovbg/HypoVorarlberg/InvestorRelations/Emissionsprospekte/Debt_
Issuance_Programme/Prospectus_2020_Final.pdf
(2) the Issuer's Annual Report 2019 including the consolidated financial statements (IFRS) for the year ended
31 December 2019 (and comparative statements for the previous year), the notes to the financial statements
and the auditor's report thereon, which is accessible as of the date of this Swiss Prospectus under:

https://www.hypovbg.at/fileadmin/Hypovbg/HypoVorarlberg/InvestorRelations/Geschaeftsberichte/2019/
AnnualReport2019_HypoVorarlberg.pdf
(3) the Issuer's half-year statement as of 30 June 2020 (Halbjahresfinanzbericht zum 30. Juni 2020), which is
accessible as of the date of this Swiss Prospectus under:

https://www.hypovbg.at/fileadmin/Hypovbg/HypoVorarlberg/InvestorRelations/Geschaeftsberichte/2020/
Halbjahresfinanzbericht_Q22020_HypoVorarlberg.pdf.pdf
(4) the Issuer's quarterly statement as of 30 September 2020 (Quartalsinformation zum 30. September 2020),
which is accessible as of the date of this Swiss Prospectus under:

https://www.hypovbg.at/fileadmin/Hypovbg/HypoVorarlberg/InvestorRelations/Geschaeftsberichte/2020/
Quartalsinformation_Q32020_HypoVorarlberg.pdf.pdf
(5) the articles of association of the Issuer (Satzung der Hypo Vorarlberg Bank AG), which are accessible as of
the date of this Swiss Prospectus under:

https://www.hypovbg.at/fileadmin/Hypovbg/HypoVorarlberg/Satzung _HypoVorarlberg.pdf
Any statement in a document incorporated by reference into this Swiss Prospectus will be deemed to be modified
or superseded for purposes of this Swiss Prospectus to the extent that a statement contained herein or in any
subsequent document incorporated by reference herein modifies or supersedes that statement. Any statement that
is modified or superseded in this manner will no longer be a part of this Swiss Prospectus, except as so modified
or superseded.
Availability of Documents
Copies of this Swiss Prospectus (including the documents incorporated by reference herein) can be obtained in
electronic or printed form, free of charge, during normal business hours from (i) the registered office of the Issuer,
or (ii) Credit Suisse AG at Uetlibergstrasse 231, CH-8070 Zurich, Switzerland, or by telephone (+41 44 333 31
60), fax (+41 44 333 57 79) or e-mail to [email protected].

10