Bond RaiffeisenBank 4.4% ( XS1053524929 ) in EUR

RaiffeisenBank

100 % ▼

Austria

XS1053524929 ( in EUR )

4.4% per year ( payment 1 time a year)

17/04/2024 - Bond has expired

Prospectus brochure of the bond Raiffeisen XS1053524929 in EUR 4.4%, expired

1 000 EUR

40 000 000 EUR

Raiffeisen is a large Austrian banking group operating internationally, offering a wide range of financial services including banking, insurance, and asset management.

The Bond issued by RaiffeisenBank ( Austria ) , in EUR, with the ISIN code XS1053524929, pays a coupon of 4.4% per year.
The coupons are paid 1 time per year and the Bond maturity is 17/04/2024

This document constitutes two base prospectuses of: (i) the base prospectus in respect of non-equity securities ("Non-Equity
Securities") within the meaning of Article 5 sub-paragraph 4 of the Prospectus Directive (as defined below) and Article 22 sub-
paragraph 6(4) of the Commission Regulation (EC) No. 809/2004 of 29 April 2004, as amended (the "Commission
Regulation") and (i ) the base prospectus in respect of Covered Notes within the meaning of Article 22 sub-paragraph 6(3) of
the Commission Regulation, as amended (together, the "Debt Issuance Programme Prospectus", or the "Prospectus").

Debt Issuance Programme Prospectus
Dated 15 May 2013

RAIFFEISENLANDESBANK
NIEDERÖSTERREICH-WIEN AG
EUR 5,000,000,000
Debt Issuance Programme
(the "Programme")
RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG ("RLB NÖ-Wien" or the "Issuer") has
requested the Commission de Surveillance du Secteur Financier (the "CSSF") of the Grand Duchy of
Luxembourg ("Luxembourg") in its capacity as competent authority under the Luxembourg law relating to
prospectuses for securities (Loi relative aux prospectus pour valeurs mobilières), as amended, which
implements Directive 2003/71/EC of the European Parliament and the Council of 4 November 2003, as
amended (the "Prospectus Directive"), for approval of this Prospectus.
Application has been made to list notes to be issued under the EUR 5,000,000,000 Debt Issuance
Programme (the "Notes", which expression includes covered notes unless indicated otherwise) on the
Official List of the Luxembourg Stock Exchange and to trade Notes on the Regulated Market "Bourse de
Luxembourg", (the "Regulated Market") and on the Second Regulated Market (Geregelter Freiverkehr) of
the Vienna Stock Exchange, each a regulated market within the meaning of Directive 2004/39/EC, as
amended, that appears on the list of regulated markets issued by the European Commission. Notes issued
under the Programme may also be listed on other or further stock exchanges or may not be listed at al .
The Issuer has requested the CSSF to provide the competent authorities in the Federal Republic of
Germany ("Germany") and the Republic of Austria ("Austria") with a certificate of approval attesting that
the Prospectus has been drawn up in accordance with the Luxembourg Law relating to prospectuses for
securities (each a "Notification"). The Issuer may request the CSSF to provide competent authorities in
additional host Member States within the European Economic Area with a Notification. By approving a
prospectus, the CSSF shal give no undertaking as to the economic and financial soundness of the
operation or the quality or solvency of the issuer.
Arranger
Commerzbank
Dealers
Commerzbank
Deutsche Bank

DZ BANK AG
Landesbank Baden-Württemberg

RAIFFEISENLANDESBANK
Raiffeisen Bank International AG
NIEDERÖSTERREICH-WIEN AG

UniCredit Bank
This Prospectus will be published in electronic form on the website of the Luxembourg Stock Exchange
(www.bourse.lu). This Prospectus is valid for a period of 12 months after its approval.

2
RESPONSIBILITY STATEMENT
RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG, with its registered office in Vienna, is
solely responsible for the information given in this Prospectus and for the information which will be
contained in the relevant final terms (the "Final Terms"). The Issuer hereby declares that, having
taken al reasonable care to ensure that such is the case, the information contained in this Prospectus
is, to the best of its knowledge, in accordance with the facts and contains no omission likely to affect
its import.

NOTICE
This Prospectus should be read and understood in conjunction with any supplement hereto and with
any other document incorporated herein by reference. Ful information on the Issuer and any series of
Notes is only available on the basis of the combination of the Prospectus and the relevant Final
Terms.
The Issuer has confirmed to the dealers set forth on the cover page and any additional dealer
appointed from time to time under the Programme (each a "Dealer" and together the "Dealers") that
this Prospectus contains all information with regard to the Issuer and any Notes which is material in
the context of the Programme and the issue and offering of Notes thereunder, that the information
contained herein is accurate in all material respects and is not misleading, that the opinions and
intentions expressed herein are honestly held, that there are no other facts, the omission of which
would make this Prospectus as a whole or any of such information or the expression of any such
opinions or intentions misleading in any material respect, and that all reasonable enquiries have been
made to ascertain all facts and to verify the accuracy of al statements contained herein.
No person has been authorised to give any information which is not contained in or not consistent with
this Prospectus or any other document entered into or any other information supplied in connection
with the Programme and, if given or made, such information must not be relied upon as having been
authorised by or on behalf of the Issuer, the Dealers or any of them.
This Prospectus is valid for 12 months after its approval. The Base Prospectus and any supplement
hereto as wel as any Final Terms reflect the status as of their respective dates of issue. The offering,
sale or delivery of any Notes may not be taken as an implication that the information contained in such
documents is accurate and complete subsequent to their respective dates of issue or that there has
been no adverse change in the financial condition of the Issuer since such date or that any other
information supplied in connection with the Programme is accurate at any time subsequent to the date
on which it is supplied or, if different, the date indicated in the document containing the same.
The Issuer has undertaken with the Dealers to supplement this Prospectus or publish a new
Prospectus if and when the information herein should become material y inaccurate or incomplete,
and has further agreed with the Dealers to furnish a supplement to the Prospectus in the event of any
significant new factor, material mistake or inaccuracy relating to the information included in this
Prospectus which is capable of affecting the assessment of the Notes and where approval by the
CSSF of any such document is required, upon such approval having been given.
Neither the Arranger nor any Dealer nor any other person mentioned in this Prospectus, excluding the
Issuer, is responsible for the information contained in this Prospectus or any supplement thereof, or
any Final Terms or any other document incorporated herein by reference and, accordingly, none of
these persons accepts any responsibility for the accuracy and completeness of the information
contained in any of these documents.
The distribution of this Prospectus, any document incorporated herein by reference and any Final
Terms and the offering, sale and delivery of Notes in certain jurisdictions may be restricted by law.
Persons into whose possession this Prospectus and any supplement, if applicable or any Final Terms
come are required by the Issuer and the Dealers to inform themselves about, and to observe, any
such restrictions. For a description of certain restrictions on offers, sales and deliveries of Notes and
on the distribution of the Prospectus or any Final Terms and other offering material relating to the
Notes, in the United States of America, the European Economic Area, the United Kingdom of Great
Britain and Northern Ireland ("United Kingdom") and Japan see "Selling Restrictions". In particular,
the Notes have not been and will not be registered under the United States Securities Act of 1933, as

3
amended, and are subject to U.S. tax law requirements. Subject to certain exceptions, Notes may not
be offered, sold or delivered within the United States of America or to U.S. persons.
The language of this Prospectus (excluding the audited consolidated financial statements of the Issuer
incorporated by reference herein) is English. The German versions of the English language Terms and
Conditions and Guarantee are shown in the Prospectus for additional information. As to form and
content, and all rights and obligations of the Holders and the Issuer under the Notes to be issued,
German is the control ing legally binding language if so specified in the relevant Final Terms.
This Prospectus may only be used for the purpose for which it has been published.
This Prospectus and any Final Terms may not be used for the purpose of an offer or
solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorised or
to any person to whom it is unlawful to make such an offer or solicitation.
This Prospectus and any Final Terms do not constitute an offer or an invitation to subscribe for
or purchase any Notes.
In connection with the issue of any Tranche of Notes, the Dealer or Dealers (if any) named as
the stabilising manager(s) (or persons acting on behalf of any stabilising manager(s)) in the
applicable Final Terms may over-allot Notes or effect transactions with a view to supporting
the price of the Notes at a level higher than that which might otherwise prevail. However, there
is no assurance that the stabilising manager(s) (or persons acting on behalf of a stabilising
manager) will undertake stabilisation action. Any stabilisation action may begin on or after the
date on which adequate public disclosure of the terms and conditions of the offer of the
relevant Tranche of Notes is made and, if begun, may be ended at any time, but it must end no
later than the earlier of 30 days after the issue date of the relevant Tranche and 60 days after
the date of the allotment of the relevant Tranche of Notes. Any stabilisation action or over-
allotment must be conducted by the relevant stabilising manager(s) (or person(s) acting on
behalf of any stabilising manager(s)) in accordance with all applicable laws and rules.
FORWARD-LOOKING STATEMENTS
This Prospectus contains certain forward-looking statements. A forward-looking statement is a
statement that does not relate to historical facts and events. They are based on analyses or forecasts
of future results and estimates of amounts not yet determinable or foreseeable. These forward-looking
statements are identified by the use of terms and phrases such as "anticipate", "believe", "could",
"estimate", "expect", "intend", "may", "plan", "predict", "project", "will" and similar terms and phrases,
including references and assumptions. This applies, in particular, to statements in this Prospectus
containing information on future earning capacity, plans and expectations regarding RLB NÖ-Wien's
business and management, its growth and profitability, and general economic and regulatory
conditions and other factors that affect it.
Forward-looking statements in this Prospectus are based on current estimates and assumptions that
the Issuer make to the best of their present knowledge. These forward-looking statements are subject
to risks, uncertainties and other factors which could cause actual results, including RLB NÖ-Wien's
financial condition and results of operations, to differ materially from and be worse than results that
have expressly or implicitly been assumed or described in these forward-looking statements. RLB NÖ-
Wien's business is also subject to a number of risks and uncertainties that could cause a forward-
looking statement, estimate or prediction in this Prospectus to become inaccurate. Accordingly,
investors are strongly advised to read the following sections of this Prospectus: "Risk Factors
regarding RLB NÖ-Wien", "Raiffeisenlandesbank Niederösterreich-Wien AG". These sections include
more detailed descriptions of factors that might have an impact on RLB NÖ-Wien's business and the
markets in which it operates.
In light of these risks, uncertainties and assumptions, future events described in this Prospectus may
not occur. In addition, neither the Issuer nor the Dealers assume any obligation, except as required by
law, to update any forward-looking statement or to conform these forward-looking statements to actual
events or developments.

4
TABLE OF CONTENTS

Clause
Page
Summary
.......................................................................................................................................... 5
Section A - Introduction and Warnings ............................................................................................... 5
Section B - Issuer ................................................................................................................................ 6
Section C - Securities .......................................................................................................................... 9
Section D - Risks ............................................................................................................................... 13

Risks specific to the Issuer ............................................................................................. 13

Risks specific to the Securities ....................................................................................... 15
Section E - Offer ................................................................................................................................ 17
German Translation of the Summary .................................................................................................... 18
Abschnitt A - Einleitung und Warnhinweise ......................................................................................... 18
Abschnitt B - Emittentin ........................................................................................................................ 19
Abschnitt C - Wertpapiere .................................................................................................................... 22
Abschnitt D - Risiken ............................................................................................................................ 27

Risiken, die der Emittentin eigen sind ............................................................................ 27

Risiken, die den Wertpapieren eigen sind ...................................................................... 29
Abschnitt E - Angebot .......................................................................................................................... 32
Risk Factors ........................................................................................................................................ 33
Risk Factors regarding RLB NÖ-Wien .................................................................................................. 33
Risk Factors regarding the Notes .......................................................................................................... 44
Consent to the Use of the Prospectus ................................................................................................... 52
General Description of the Programme ................................................................................................. 53
General
........................................................................................................................................ 53
Issue Procedures ................................................................................................................................... 54
Terms and Conditions of the Notes (English Language Version) ......................................................... 56
OPTION I - Terms and Conditions that apply to Notes with fixed interest rates ............................... 56
OPTION II - Terms and Conditions that apply to Notes with floating interest rates ........................... 70
OPTION III - Terms and Conditions that apply to Notes with fixed to floating interest rates .............. 88
OPTION IV - Terms and Conditions that apply to Notes without periodic interest payments (Zero

Coupon) ........................................................................................................................ 107
OPTION V - Terms and Conditions that apply to Covered Notes with fixed interest rates .............. 118
OPTION VI - Terms and Conditions that apply to Covered Notes with floating interest rates .......... 130
Terms and Conditions of the Notes (German Language Version) ...................................................... 145
Option I -
Anleihebedingungen für Schuldverschreibungen mit fester Verzinsung ..................... 146
Option II -
Anleihebedingungen für Schuldverschreibungen mit variabler Verzinsung ................. 162
Option III -
Anleihebedingungen für Schuldverschreibungen mit fester zu variabler Verzinsung .. 182
Option IV - Anleihebedingungen für Schuldverschreibungen ohne periodische Zinszahlungen ... 204
Option V -
Anleihebedingungen für Fundierte Bankschuldverschreibungen mit fester

Verzinsung .................................................................................................................... 216
Option VI - Anleihebedingungen für Fundierte Bankschuldverschreibungen mit variabler

Verzinsung .................................................................................................................... 230
Form of Final Terms ............................................................................................................................ 246
Raiffeisenland esbank Niederösterreich-Wien AG ............................................................................... 264
Taxation
...................................................................................................................................... 282
Selling Restrictions .............................................................................................................................. 288
General Information ............................................................................................................................. 291
Covered Notes ..................................................................................................................................... 291
Use of Proceeds and Reasons for an Offer ........................................................................................ 292
Interest of Natural and Legal Persons Involved in an Issue/Offer ....................................................... 292
Authorisation ...................................................................................................................................... 292
Listing and Admission to Trading ........................................................................................................ 292
Documents Incorporated by Reference ............................................................................................... 292
Availability of Documents / Documents on Display ............................................................................. 293
Names and Addresses ........................................................................................................................ 294

5
SUMMARY
Summaries are made up of disclosure requirements known as "Elements". These elements are
numbered in Sections A E (A.1 E.7).
This summary (the "Summary") contains all the Elements required to be included in a summary for
this type of Notes and Issuer. Because some Elements are not required to be addressed, there may
be gaps in the numbering sequence of the Elements.
Even though an Element may be required to be inserted in the Summary because of the type of Notes
and Issuer, it is possible that no relevant information can be given regarding the Element. In this case,
a short description of the Element is included in the Summary with the mention of "not applicable".
The Summary contains options, characterised by square brackets or typesetting in italics (other than
the respective translations of specific legal terms), and placeholders regarding the Notes to be issued
under the Programme. The summary of the individual issue of Notes will include the options relevant
to this issue of Notes as determined by the applicable Final Terms and will contain the information,
which had been left blank, as completed by the applicable Final Terms.
Element
Section A Introduction and warnings

A.1
Warnings
Warning that:
this Summary should be read as an introduction to the
Prospectus;
any decision to invest in the Notes should be based on
consideration of the Prospectus as a whole by the
investor;
where a claim relating to the information contained in the
Prospectus is brought before a court, the plaintiff investor
might, under the national legislation of the Member
States, have to bear the costs of translating the
Prospectus, before the legal proceedings are initiated;
and
civil liability attaches only to the Issuers who have tabled
the Summary including any translation thereof, but only if
the Summary is misleading, inaccurate or inconsistent
when read together with the other parts of the Prospectus
or it does not provide, when read together with the other
parts of the Prospectus, key information in order to aid
investors when considering whether to invest in such
Notes.
A.2
Consent to the use of
Each Dealer and/or each further financial intermediary
the Prospectus
subsequently resel ing or finally placing the Notes is entitled
to use the Prospectus for the subsequent resale or final
placement of the Notes during the offer period for the
subsequent resale or final placement of the Notes from [] to
[], provided however, that the Prospectus is still valid in
accordance with Article 11 of the Luxembourg act relating to
prospectuses for securities (Loi relative aux prospectus pour
valeurs mobilières), as amended, which implements Directive
2003/71/EC of the European Parliament and of the Council
of 4 November 2003 (as amended).
The Prospectus may only be delivered to potential investors
together with all supplements published before such delivery.
Any supplement to the Prospectus is available for viewing in
electronic form on the website of the Luxembourg Stock
Exchange (www.bourse.lu) and on the website of

6
RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN
AG (www.raiffeisenbank.at).
When using the Prospectus, each Dealer and/or relevant
further financial intermediary must make certain that it
complies with all applicable laws and regulations in force in
the respective jurisdictions.
In the event of an offer being made by a Dealer and/or a
further financial intermediary the Dealer and/or the
further financial intermediary shall provide information
to investors on the terms and conditions of the Notes at
the time of that offer.

Element
Section B Issuer
B.1
Legal and commercial
Legal Name (firm name): RAIFFEISENLANDESBANK
name
NIEDERÖSTERREICH-WIEN AG
Commercial Name:
"RLB NÖ-Wien" or "Raiffeisenlandesbank NÖ-Wien"
B.2
Domicile / Legal form /
RLB NÖ-Wien was established pursuant to the laws of
Legislation / Country of
Austria in the legal form of a stock corporation and is
incorporation
domiciled in Vienna.
RLB NÖ-Wien is active in Austria and operates pursuant to
the laws of Austria.
B.4b
Known trends affecting
Since the financial political environment is currently unstable
the Issuer and the
due to the financial and sovereign debt crisis, the Issuer
industries in which it
cannot make a reliable statement relating to trends,
operates
uncertainties, demands, commitments or events, which are
reasonably likely to have a material effect on its prospects.
B.5
Description of the
The majority of the shares in RLB NÖ-Wien (78.58 per
Group and the Issuer's
cent.)
are
held
by
RAIFFEISEN-HOLDING
position within the
NIEDERÖSTERREICH-WIEN
reg.Gen.m.b.H.
Group
("Raiffeisen-Holding NÖ-Wien"). The remaining shares
are held by Lower Austrian Raiffeisen Banks. RLB NÖ-
Wien is the most important investment of Raiffeisen-
Holding NÖ-Wien.
The Issuer is the parent company of the RLB NÖ-Wien
Group. RLB NÖ-Wien holds participations in banks and
bank-related companies. With a participation of 34.74 per
cent. (direct and indirect) RLB NÖ-Wien is the largest
shareholder of Raiffeisen Zentralbank Österreich AG
("RZB"). With a participation of 78.5 per cent.
(31 December 2012), RZB is the largest shareholder of
Raiffeisen Bank International AG ("RBI"). The remaining
21.5 per cent. of the shares of RBI, which is listed on the
Vienna Stock exchange, are free float.
B.9
Profit forecast or
- not applicable -
estimate
No profit forecasts or estimates are made in this Base
Prospectus.
B.10
Nature of any
- not applicable -
qualifications in the
The consolidated financial statements 2011 and 2012 have
audit report on
been given an unqualified auditor's opinion.
historical financial
information

7
B.12
Selected historical key financial information
The fol owing table shows an overview of selected key financial information and key
figures of the Issuer (Consolidated Financial Statement 2012 including comparison figures
for 2011).
2012
20111)
Amounts in Mio. EUR

Consolidated Income Statement

Net interest income after impairment charge
104.4
149.5
Net fee and commission income
71.9
67.6
Net trading income
7.6
-1.6
Profit from investments in entities accounted for using the
equity method
93.6
120.6
General administrative expenses
-190.9
-185.5
Profit for the year before tax
16.8
108.7
Consolidated net profit for the year
22.5
110.8

Consolidated Balance Sheet

Loans and advances to other banks
10,042
10,915
Loans and advances to customers
10,465
10,094
Deposits from other Banks
12,643
14,429
Deposits from customers
8,090
7,294
Equity (incl. profit)
2,422
2,256
Consolidated assets
32,310
32,101

Regulatory information 2)

Risk-weighted basis of assessment
13,383
13,541
Total own funds
2,116
2,033
Own funds requirement
1,138
1,154
Surplus own funds ratio
85.9%
76.1%
Tier 1 ratio (credit risk)
11.0%
10.1%
Tier 1 ratio (total)
10.3%
9.4%
Total own funds ratio
14.9%
14.1%

Performance

Return on equity before tax
0.7%
4.7%
Consolidated return on equity
1.0%
4.8%
Consolidated cost income ratio
64.5%
52.2%
Return on assets after tax
0.1%
0.3%
Risk/Earnings ratio
35.1%
27.6%

Additional Information

Workforce (ful -time equivalent)
1,285
1,266
Branches and offices
66
66
1) Amounts of the previous year have been adjusted according to IAS 8.
2) From 2012 the regulatory own funds are presented only on a single entity level. Due to the insignificant
difference to the calculation of own funds according to § 23 Austrian Banking Act (single entity level) the
voluntary presentation of RLB NÖ-Wien Group's own funds according to § 24 in conjunction with § 30 Austrian
Banking Act (group level) has been waived.

Material adverse change There have been no material adverse changes in the Issuer's
in the prospects of the prospects since 31 December 2012.
Issuer

8
Significant change in Not applicable. No significant change in the financial position
the financial and trading of the Issuer has taken place since 31 December 2012.
position
B.13
Recent events
To strengthen the capital structure in the context of the
changes of regulatory provisions (Basel III) RLB NÖ-Wien
has decided in February 2013 to sel securities held as fixed
assets in the amount of approximately EUR 1 billion.
Change in the Board of Directors: Gerhard Rehor wil resign
as of 30 June 2013.
B.14.
see Element B.5

Statement of
RLB NÖ-Wien is a majority owned subsidiary of
dependency upon other
Raiffeisen-Holding NÖ-Wien, which holds 78.58 per cent.
entities within the group
of RLB NÖ-Wien. A profit and loss transfer agreement
was concluded between Raiffeisen-Holding NÖ-Wien and
RLB NÖ-Wien.
With a participation of 34.74 per cent. (direct and indirect)
RLB NÖ-Wien is the largest shareholder of RZB. The
profit contribution of RZB has a material impact on RLB
NÖ-Wien's consolidated annual net result.
B.15
Principal activities
RLB NÖ-Wien is mainly active in the Centrope region
particularly in Austria in the Vienna region.
In Vienna, the Issuer specialises in customer business for
smal and medium sized companies, in private banking, in
retail banking as well as in corporate customer business with
larger companies.
The Issuer is the regional central institution of independent
Lower Austrian Raiffeisen Banks.
The Issuer ist the largest shareholder of RZB, the central
institution of the Raiffeisen Banks in Austria (Raiffeisen-
Bankengruppe Österreich).
B.16
Controlling Persons
RLB NÖ-Wien is a majority owned subsidiary of Raiffeisen-
Holding NÖ-Wien, which holds 78.58 per cent. of RLB NÖ-
Wien.
A profit and loss transfer agreement was concluded between
Raiffeisen-Holding NÖ-Wien and RLB NÖ-Wien.
The remaining shares are held by Lower Austrian Raiffeisen
Banks.
B.17
Credit ratings of the
Moody's Investor Service Ltd.1
Issuer or its debt
Bank Financial Strength
securities
Rating (BFSR):
C-
Long-term Issuer Rating:
A1
Short-term Issuer Rating:
P-1
Subordinated Debt Rating: (P)Baa1

(preliminary)

1 Moody's is established in the European Community and is registered under Regulation (EC) No 1060/2009 of the European
Parliament and of the Council of 16 September 2009 on credit rating agencies, amended by Regulation (EC) No 513/2011
of the European Parliament and of the Council of 11 May 2011 (the "CRA Regulation"). The European Securities and
Markets Authority publishes on its website (http://www.esma.europa.eu/page/List-registered-and-certified-CRAs) a list of
credit rating agencies registered in accordance with the CRA Regulation. That list is updated within five working days
fol owing the adoption of a decision under Article 16, 17 or 20 CRA Regulation (last updated 6 January 2012). The
European Commission shal publish that updated list in the Official Journal of the European Union within 30 days fol owing
such update.

9
On 16 November 2012 Moody's announced to review the
Issuer's rating for a possible downgrade. On 1 March 2013
the time limit for the review has been extended for
approximately another three months

Element
Section C Securities
C.1
Class and type of the
Class
Notes / ISIN
[The Notes are [subordinated] [or] [unsubordinated] and
unsecured.] [Covered Notes (or the "Notes") are
unsubordinated secured by a pool of assets.]
[Fixed Rate Notes
[The Notes bear a fixed interest income throughout the entire
term of the Notes.] [The Notes are issued with an
[increasing] [decreasing] interest rate as a result of which the
interest income will [increase][decrease] over time.]]
[Floating Rate Notes
The Notes wil bear interest at a rate determined [([multiplied
by a leverage factor] and as adjusted for the applicable
margin)] on the basis of a reference rate appearing on the
agreed screen page of a commercial quotation service. The
reference rate is [EURIBOR] [LIBOR] [the difference
between a fixed interest rate and [EURIBOR] [LIBOR]] [a
euro EURIBOR swap rate] [the difference between two euro
EURIBOR swap rates].
[Fixed to Floating Rate Notes
The Notes bear a fixed interest income at the beginning of
the term of the Notes changing to a floating interest income
until maturity of the Notes.]
[Zero Coupon Notes
There will not be any periodic payments of interest on the
Notes.]
ISIN
[]
C.2
Currency
The Notes are issued in []
C.5
Restrictions on free Not applicable. The Notes are freely transferable.
Transferability
C.8
Rights attached to the
Negative pledge
Notes (including
limitations to those
[The Terms and Conditions of the Notes contain a negative
rights and ranking of
pledge provision of the Issuer.] [The Terms and Conditions
the Notes)
of [subordinated] [and] [Covered] Notes do not contain a
negative pledge provision of the Issuer.]
[Early redemption in the case of Notes and Covered
Notes

10
The Notes can be redeemed prior to their stated maturity [at
the option of the] [Issuer,] [and] [or] [the holders of the
Notes] [and] [for taxation reasons] or upon the occurrence of
an event of default).]
[Early redemption in the case of subordinated Notes
The Notes can be redeemed prior to their stated maturity [at
the option of the Issuer,] for taxation reasons and for
regulatory reasons.]
[Early Redemption at the option of the [Issuer] [and] [or]
[the holders] at specified redemption amount(s) (except
for floating rate Notes or floating rate Covered Notes)
The Notes can be redeemed at the option of the [Issuer]
[and] [or] [the holders] upon giving notice within the specified
notice period to [the holders] [or] [the Issuer] [, as the case
may be,] on a date or dates specified prior to such stated
maturity and at the specified redemption amount(s) [together
with accrued interest to, but excluding, the relevant
redemption date][, provided that, in the case of subordinated
Notes, the specified date for redemption of the Notes at the
option of the Issuer shall not be less than five years after the
issue date of the Notes and the Issuer has fulfilled the
Redemption Conditions].]
[Early redemption at the option of the [Issuer] [and] [or]
[the holders of the Notes] at the principal amount of the
respective Note in the case of floating rate Notes or
floating rate Covered Notes
The Notes can be redeemed in whole but not in part at the
option of the [Issuer,] [and] [or] [the holders of the Notes] for
the first time on [] and on each interest payment date
thereafter upon giving notice within the specified notice
period [to the holders of the Notes] [or] [the Issuer,] [as the
case may be,] at the principal amount of the respective Note
together with accrued interest to, but excluding, the relevant
redemption date][, provided that, in the case of subordinated
Notes, the specified date for redemption of the Notes at the
option of the Issuer shall not be less than five years after the
issue date of the Notes and the Issuer has fulfilled the
Redemption Conditions].]
[Early redemption for regulatory reasons in the case of
subordinated Notes
The subordinated Notes can be redeemed in whole but not in
part upon the occurrence of a Capital Disqualification Event,
the fulfilment of the Redemption Conditions and the giving of
notice within the specified notice period to the holders of the
subordinated Notes at the principal amount of the respective
subordinated Note together with accrued interest to, but
excluding, the relevant redemption date.]
Early redemption for taxation reasons
Early Redemption of the Notes for reasons of taxation wil be
permitted, if as a result of any change in, or amendment to
the laws or regulations (including any amendment to, or
change in, an official interpretation or application of such
laws or regulations), of the Republic of Austria or any political