Obbligazione Austrian 5% ( US052591AT11 ) in CAD

Emittente Austrian
Prezzo di mercato 99.71 CAD  ▼ 
Paese  Austria
Codice isin  US052591AT11 ( in CAD )
Tasso d'interesse 5% per anno ( pagato 1 volta l'anno)
Scadenza 20/12/2024 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Austria US052591AT11 in CAD 5%, scaduta


Importo minimo /
Importo totale /
Cusip 052591AT1
Descrizione dettagliata L'Austria è una repubblica parlamentare federale dell'Europa centrale, membro dell'Unione europea.

The Obbligazione issued by Austrian ( Austria ) , in CAD, with the ISIN code US052591AT11, pays a coupon of 5% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 20/12/2024











The Republic of Austria
Euro 30,000,000,000 Medium Term Note Programme

Under this EUR 30,000,000,000 medium term note programme (the "Programme") described in this offering circular ("Offering Circular"), the
Republic of Austria (the "Republic"), subject to compliance with all relevant laws, regulations and directives, may from time-to-time issue debt
securities specified in the relevant Pricing Supplement (as defined herein) governed by English law in registered form ("English Law Registered
Notes") and debt securities governed by Austrian law in bearer form ("Austrian Law Bearer Notes" and together with the English Law Registered
Notes, the "Notes") on the terms set out herein, as supplemented by a Pricing Supplement (as defined herein). The aggregate nominal amount of
Notes outstanding will not at the time of issuance exceed EUR 30,000,000,000 (or the equivalent in other currencies).
Application may be made for Notes to be admitted to listing on the official list and to trading on the regulated market of the Luxembourg Stock
Exchange and the Vienna Stock Exchange. The Programme also permits Notes to be issued on the basis that they will not be admitted to listing,
trading and/or quotation by any competent authority, stock exchange and/or quotation system or to be admitted to listing, trading and/or quotation
by such other or further competent authorities, stock exchanges and/or quotation systems as may be agreed with the Republic. The relevant Pricing
Supplement in respect of any issue of any Notes will specify whether or not such Notes will be admitted to listing and/or trading on any other
market and/or stock exchange.
This Offering Circular does not comprise a prospectus for the purpose of Regulation (EU) 2017/1129 (the "Prospectus Regulation") nor an
alleviated prospectus pursuant to Part III of the Luxembourg law of 16 July 2019 on prospectuses for securities (the "Luxembourg Prospectus
Law"). Accordingly, this Offering Circular does not purport to meet the format and the disclosure requirements of the Prospectus Regulation and
it has not been and will not be submitted for approval to any competent authority within the meaning of the Prospectus Regulation and in particular
the Luxembourg Commission de Surveillance du Secteur Financier ("CSSF"), in its capacity as competent authority under the Luxembourg
Prospectus Law.
The Notes have not been, and will not be, registered under the United States Securities Act of 1933, as amended ("Securities Act") or with any
securities regulatory authority of any state or other jurisdiction of the United States (the "U.S."), and Notes in bearer form are subject to U.S. tax
law requirements and may not be offered, sold or delivered within the United States or its possessions or to a United States person except in
certain transactions permitted by U.S. tax regulations. The Notes may not be offered, sold or (in the case of Notes in bearer form) delivered within
the United States except in certain transactions exempt from the registration requirements of the Securities Act. The Notes may be offered and
sold (A) outside the United States in reliance on Regulation S and (B) within the United States to persons who are "qualified institutional buyers"
("QIBs") in reliance on Rule 144A under the Securities Act ("Rule 144A"). Prospective purchasers who are QIBs are hereby notified that sellers
of the Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A. For a description of
these and certain further restrictions on offers, sales and transfers of Notes and distribution of this Offering Circular, see "Subscription and Sale"
and "Transfer Restrictions".

Arranger
Erste Group Bank AG

This Offering Circular is dated 21 December 2022.



The Notes will, subject to compliance with all relevant laws and directives, have such minimum and/or
maximum maturity as may be allowed from time to time under the federal budget or other laws applicable to
the Republic or required from time to time by any laws or regulations applicable to the relevant currency or
currencies, or variable maturities and may be subject to redemption in whole or in part, as specified in the
applicable Pricing Supplement. Notes may be either interest bearing at fixed, floating or index-linked rates or
non-interest bearing and may be repayable at par, at a specified amount above or below par or at an amount
determined by reference to a formula, in each case with terms as specified in the applicable Pricing Supplement.
Notes will be issued in one or more series (each a "Series"). Each Series shall be all in bearer form and governed
by Austrian law or all in registered form and governed by English law and may be issued in one or more tranches
(each a "Tranche") on different issue dates and on terms otherwise identical (except in relation to interest
commencement dates and matters related thereto).
The Notes will be issued on a continuing basis to or through one or more dealers appointed in respect of a
particular Tranche (each a "Dealer" and together the "Dealers").
Notes of each Tranche of each Series of Austrian Law Bearer Notes (comprising an "Austrian Law Bearer
Series") will initially be represented by interests in a temporary global note or by a permanent global note, in
either case in bearer form (a "Temporary Global Note" and a "Permanent Global Note", respectively, and
each a "Global Note"), without interest coupons. If the Global Notes are stated in the applicable Pricing
Supplement to be issued in new global note ("NGN") form the Global Notes will be delivered on or prior to the
original issue date of the relevant Tranche to a common safekeeper (the "Common Safekeeper") for Euroclear
Bank SA/NV ("Euroclear") and Clearstream Banking, S.A. ("Clearstream, Luxembourg"). Global notes
which are not issued in NGN form ("Classic Global Notes" or "CGNs") will be deposited on the issue date of
the relevant Tranche with a common depositary on behalf of Euroclear and Clearstream, Luxembourg (the
"Common Depositary"). In certain circumstances,1 an interim note (an "Interim Note") will be issued to
initially represent the Temporary Global Note or Permanent Global Note, as applicable, to be held by the
Common Depositary or the Common Safekeeper (as the case may be) on behalf of Clearstream, Luxembourg
and Euroclear because such Temporary Global Note or Permanent Global Note will need to be countersigned
by the Republic of Austria Court of Accounts immediately after the Issue Date for that particular Series of
Notes. In such circumstances, interests in the Interim Note will be exchanged in whole but not in part for
interests in the Temporary Global Note or Permanent Global Note, as applicable, immediately upon receipt by
the Common Depositary or the Common Safekeeper of the countersigned Temporary Global Note or Permanent
Global Note, as applicable. Interests in a Temporary Global Note will be exchangeable, in whole or in part, for
interests in a Permanent Global Note (as specified in the relevant Pricing Supplement) on or after the first day
following the expiry of 40 days after the relevant issue date, upon certification as to non-U.S. beneficial
ownership or on a date specified in the relevant Pricing Supplement. A Global Note will not be exchanged for
definitive Austrian Law Bearer Notes and holders of Austrian Law Bearer Notes have no right to require printing
and delivery of definitive bearer notes, coupons, talons or receipts.
Notes of each Tranche of each Series of English Law Registered Notes (comprising an "English Law
Registered Series") and which are sold in an "offshore transaction" within the meaning of Regulation S under
the U.S. Securities Act of 1933 (the "Securities Act"), will initially be represented by interests in one or more
global unrestricted English Law Registered Notes (each a "Regulation S Global Note"), without interest
coupons, which will be deposited on its issue date with the Common Depositary or such other nominee or

1 When the Issue Date (as defined herein) for a particular Series of Notes falls in a Fiscal Year (meaning, for the purposes of this Offering
Circular, a year commencing on (and including) 1 January of any year and ending on (and including) 31 December of the same year) and the
Maturity Date (as defined herein) falls in another Fiscal Year and when it is not possible to obtain the countersignature of the Court of Accounts
on the applicable Temporary Global Note and/or the applicable Permanent Global Note before the Issue Date of such Temporary Global Note
and/or Permanent Global Note.
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custodian for, and registered in the name of the Common Depositary (or its nominee) for Euroclear and/or
Clearstream, Luxembourg and/or any other relevant clearing system or registered in the name of Cede & Co.
as nominee for the Depository Trust Company ("DTC") and/or any other relevant clearing system. If the
Regulation S Global Notes are stated in the applicable Pricing Supplement to be held under the New
Safekeeping Structure (the "NSS"), the Regulation S Global Notes will be delivered on or prior to the original
issue date of the relevant Tranche to a Common Safekeeper (or its nominee) for Euroclear and Clearstream,
Luxembourg and/or any other relevant clearing system. Beneficial interests in a Regulation S Global Note will
be shown on, and transfers thereof will be effected only through records maintained by, Euroclear, Clearstream,
Luxembourg or DTC.
Notes of each Tranche of English Law Registered Series sold to a qualified institutional buyer within the
meaning of Rule 144A, as referred to in, and subject to the restrictions described in, "Subscription and Sale"
and "Transfer Restrictions", will initially be represented by one or more global restricted English Law
Registered Notes (each a "Restricted Global Note" and together with any Regulation S Global Notes, the
"English Law Registered Global Notes"), without interest coupons, which will be deposited on its issue date
with a custodian for, and registered in the name of, the Common Depositary (or its nominee) for Euroclear
and/or Clearstream, Luxembourg and/or any other relevant clearing system or registered in the name of Cede
& Co. as nominee for DTC and/or any other relevant clearing system. Beneficial interests in a Restricted Global
Note will be shown on, and transfers thereof will be effected only through, records maintained by Euroclear,
Clearstream, Luxembourg or DTC and their respective participants. See "Clearing and Settlement". In certain
circumstances,2 an Interim Note will be issued to initially represent the Regulation S Global Note or the
Restricted Global Note, as applicable, to be held by the Common Depositary (or its nominee) or the Common
Safekeeper (or its nominee) (as the case may be) on behalf of Clearstream, Luxembourg and Euroclear or the
custodian for DTC, respectively, because such Regulation S Global Note or Restricted Global Note, as
applicable, will need to be countersigned by the Republic of Austria Court of Accounts immediately after the
Issue Date for that particular Series of Notes. In such circumstances, interests in the relevant Interim Note will
be exchanged in whole but not in part for interests in the respective Regulation S Global Note or Restricted
Global Note, as applicable, immediately upon receipt by the Common Depositary (or its nominee), Common
Safekeeper (or its nominee) or custodian, respectively, of the countersigned Regulation S Global Note or the
Restricted Global Note, as applicable. Definitive English Law Registered Notes will only be available in certain
limited circumstances as described herein.
This Offering Circular does not constitute an offer of, or an invitation by or on behalf of the Republic or Erste
Group Bank AG (the "Arranger") to subscribe or purchase, any of the Notes. The distribution of this Offering
Circular, any Pricing Supplement and the offering of Notes in certain jurisdictions may be restricted by law.
Persons into whose possession this Offering Circular or any Pricing Supplement comes are required by the
Republic and the Arranger to inform themselves about and to observe any such restrictions. For a description
of certain future restrictions on offers and sales of Notes and distribution of this Offering Circular see
"Subscription and Sale" and "Transfer Restrictions".
In particular, the Notes have not been, and will not be, registered under the Securities Act or with any securities
regulatory authority of any state or other jurisdiction of the United States, and Notes in bearer form are subject
to U.S. tax law requirements and may not be offered, sold or delivered within the United States or its possessions
or to a United States person except in certain transactions permitted by U.S. tax regulations. The Notes may not

2 When the Issue Date for a particular Series of Notes falls in a Fiscal Year and the Maturity Date falls in another Fiscal Year and when it is not
possible to obtain the countersignature of the Court of Accounts on the applicable English Law Registered Global Note before the Issue Date
of such English Law Registered Global Note.
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be offered, sold or (in the case of Notes in bearer form) delivered within the United States except pursuant to
an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
The Notes may be offered and sold (A) outside the United States in reliance on Regulation S and (B) within the
United States to QIBs in reliance on Rule 144A. Prospective purchasers are hereby notified that sellers of the
Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule
144A. For a description of these and certain further restrictions on offers, sales and transfers of Notes, see
"Subscription and Sale" and "Transfer Restrictions".
No person is authorised to give any information or to make any representation not contained in or not consistent
with this Offering Circular or any other document entered into in relation to the Programme or any information
supplied by the Republic or such other information as is in the public domain and, if given or made, such
information or representation must not be relied upon as having been authorised by or on behalf of the Republic
or the Arranger. The delivery of this Offering Circular at any time does not imply that the information contained
in it is correct as at any time subsequent to its date.
NEITHER THE PROGRAMME NOR THE NOTES HAVE BEEN APPROVED OR DISAPPROVED
BY THE U.S. SECURITIES AND EXCHANGE COMMISSION ("SEC"), ANY STATE SECURITIES
COMMISSION IN THE UNITED STATES OR ANY OTHER U.S. REGULATORY AUTHORITY, NOR
HAS ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS
OF ANY OFFERING OF NOTES OR THE ACCURACY OR ADEQUACY OF THIS OFFERING
CIRCULAR. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE
UNITED STATES.
MIFID II PRODUCT GOVERNANCE / TARGET MARKET ­ The Pricing Supplement in respect of any
Notes may include a legend entitled "MiFID II Product Governance" which will outline the target market
assessment in respect of the Notes and which channels for distribution of the Notes are appropriate. Any person
subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration the
target market assessment; however, a distributor subject to Directive 2014/65/EU (as amended, "MiFID II") is
responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or
refining the target market assessment) and determining appropriate distribution channels.
A determination will be made in relation to each issue about whether, for the purpose of the MiFID Product
Governance rules under EU Delegated Directive 2017/593 (the "MiFID Product Governance Rules"), any
Dealer subscribing for any Notes is a manufacturer in respect of such Notes, but otherwise neither the Arranger
nor the Dealers nor any of their respective affiliates will be a manufacturer for the purpose of the MIFID Product
Governance Rules.
Unless otherwise specified or the context requires, references herein to "dollars", "U.S. dollars", "U.S.$" and
"$" are to United States dollars, references to "£" and "Sterling" are to Pounds Sterling and references to "",
"EUR" and "euro" are to the currency introduced at the third stage of European Economic and Monetary Union
pursuant to the Treaty on the Functioning of the European Union, as amended.
In connection with the issue of any Tranche, the Dealer or Dealers (if any) named as the stabilising
manager(s) (the "Stabilising Manager(s)") (or any person acting on behalf of any Stabilising Manager(s))
in the applicable Pricing Supplement may over-allot Notes or effect transactions with a view to
supporting the market price of the Notes at a level higher than that which might otherwise prevail.
However, stabilisation may not necessarily occur. Any stabilisation action may begin on or after the date
on which adequate public disclosure of the terms of the offer of the relevant Tranche is made and, if
begun, may cease 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 over-allotment of the relevant Tranche. Any
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stabilisation action or over-allotment must be conducted by the relevant Stabilising Manager(s) (or any
persons carrying on behalf of an Stabilising Manager(s)) in accordance with all applicable laws and rules.
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TABLE OF CONTENTS
DOCUMENTS INCORPORATED BY REFERENCE ...................................................................................... 7
SUMMARY OF THE PROGRAMME AND THE NOTES .............................................................................. 8
TERMS AND CONDITIONS OF THE ENGLISH LAW REGISTERED NOTES .........................................13
TERMS AND CONDITIONS OF THE AUSTRIAN LAW BEARER NOTES ...............................................61
FORM OF THE NOTES .................................................................................................................................109
CLEARING AND SETTLEMENT ................................................................................................................. 115
USE OF PROCEEDS ...................................................................................................................................... 119
SUBSCRIPTION AND SALE ........................................................................................................................121
TRANSFER RESTRICTIONS .......................................................................................................................125
GENERAL INFORMATION ..........................................................................................................................127
FORM OF PRICING SUPPLEMENT FOR ENGLISH LAW REGISTERED NOTES .................................128
FORM OF PRICING SUPPLEMENT FOR AUSTRIAN LAW BEARER NOTES ......................................139


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DOCUMENTS INCORPORATED BY REFERENCE
The following documents shall be deemed to be incorporated in, and to form part of, this Offering Circular:
(a)
all amendments and supplements to the Offering Circular prepared from time to time in accordance with
the undertaking by the Republic described below; and
(b)
the applicable Pricing Supplement prepared in respect of any Tranche of Notes,
save that any statement contained herein or in a document all or a relevant portion of which is incorporated by
reference herein shall be deemed to be modified or superseded for the purpose of this Offering Circular to the
extent that a statement contained in any subsequent such document modifies or supersedes such earlier
statement.
References to this "Offering Circular" shall be taken to mean this document and all the documents from time to
time incorporated by reference herein and forming part hereof.
The Republic will, at the specified offices of the Paying Agents (as defined below), provide, without charge,
upon the oral or written request of any person, a copy of any or all of the documents incorporated herein by
reference. Written or oral requests for such documents should be directed to the specified office of any Paying
Agent or the specified office of the listing agent.
The Republic has agreed to comply with any undertakings given by it from time to time to the Luxembourg
Stock Exchange and the Vienna Stock Exchange in connection with any Notes to be listed on these trading
venues and, without prejudice to the generality of the foregoing, shall furnish to the Luxembourg Stock
Exchange and the Vienna Stock Exchange all such information as the rules of the Luxembourg Stock Exchange
and/or the Vienna Stock Exchange may require in connection with the listing on the Luxembourg Stock
Exchange and/or the Vienna Stock Exchange of any Notes. The Republic shall, during the continuance of the
Programme, prepare a supplement to this Offering Circular whenever required by the rules of the Luxembourg
Stock Exchange or the Vienna Stock Exchange and in any event if there is a significant change affecting any
matter contained in this Offering Circular or a significant new matter arises the inclusion of information in
respect of which would have been so required if it had arisen when the Offering Circular was prepared.

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SUMMARY OF THE PROGRAMME AND THE NOTES
The following does not purport to be complete and is a summary of, and is qualified in its entirety by, the
remainder of this Offering Circular and, in relation to the terms and conditions of any particular Tranche of
Notes, the applicable Pricing Supplement. Words and expressions defined or used in "Form of the Notes",
"Terms and Conditions of the English Law Registered Notes" and "Terms and Conditions of the Austrian Law
Bearer Notes" (as amended, supplemented and/or modified by the provisions of the relevant Pricing
Supplement) shall, unless the context otherwise requires or permits, have the same meaning in the following
summary. References to the "Conditions" are to the terms and conditions of the English Law Registered Notes
and/or the terms and conditions of the Austrian Law Bearer Notes, as applicable.
Issuer
The Republic of Austria.
Arranger
Erste Group Bank AG.
Dealers
The Dealers will consist of any one or more dealers becoming a
party to the Standard Provisions (as defined in "Subscription and
Sale") from time to time for a specific issue of Notes.
Fiscal Agent and Paying Agent
Citibank Europe plc
Registrar, Transfer Agent, Exchange
Citibank, N.A., London Branch
Agent, Calculation Agent and DTC
Paying Agent
Listing Agent
BNP Paribas, Luxembourg Branch
Currencies
U.S. Dollars, Australian Dollars, Canadian Dollars, Danish
Krone, euro, Hong Kong Dollars, New Zealand Dollars, Sterling,
Swedish Kronor, Swiss Francs and Yen, or (subject to
compliance with all relevant laws, regulations and directives)
such other currency as may be agreed between the Republic and
the relevant Dealer(s).
Amount
Up to euro 30,000,000,000 (or its equivalent in other currencies
calculated as set out herein) aggregate nominal amount of Notes
outstanding at the time of issuance. Under the Standard
Provisions, the nominal amount of Notes which may be issued
under the Programme may be increased by the Republic. For the
purpose of calculating the aggregate nominal amount of Notes
outstanding, Notes issued at a discount shall be treated as having
been issued at their accrued original issue discount calculated by
reference to the amortisation yield formula as specified in the
applicable Pricing Supplement or, if none is specified in the
applicable Pricing Supplement, their face amount and Notes
issued at a premium over par shall be treated as having been
issued at the amount of their net proceeds received by the
Republic. See "Form of the Notes -- Euro Equivalent".
Maturities
Subject to compliance with all applicable legal and/or regulatory
requirements, such minimum and/or maximum maturity as may
be allowed from time to time under the federal budget or other
laws applicable to the Republic or required from time to time by
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any laws or regulations applicable to the relevant currency or
currencies.
Issue Price
Notes may be issued at par or at a discount to or premium over
par.
Method of Issue
The Notes will be issued on a continuous basis, which may
include syndicated placements. The Notes will be issued in one
or more Series having one or more issue dates and on terms
otherwise identical (or identical other than in respect of the first
payment of interest), the Notes of each Series being intended to
be interchangeable with all other Notes of that Series. Each
Series may be issued in one or more Tranches (on the same or
different issue dates). Each Tranche of Notes will be issued on
the terms set out herein under the "Terms and Conditions of the
English Law Registered Notes" or the "Terms and Conditions of
the Austrian Law Bearer Notes" as applicable. The specific terms
of each Tranche will be set forth in the applicable Pricing
Supplement for such Tranche.
Form of Notes
Austrian Law Bearer Notes and English Law Registered Notes
(each as described above).
Initial Delivery of Notes
Austrian Law Bearer Notes
On or before the issue date for each Tranche, if the relevant
Global Note (or Interim Note, as the case may be) is stated in the
applicable Pricing Supplement to be issued in NGN form, the
Global Note or Interim Note, as applicable, will be delivered to
a Common Safekeeper (or its nominee) for Euroclear and
Clearstream, Luxembourg. On or before the issue date for each
Tranche, if the relevant Global Note (or Interim Note, as the case
may be) is stated in the applicable Pricing Supplement to be
issued in CGN form, the Global Note, or Interim Note, as
applicable, representing Austrian Law Bearer Notes shall be
deposited with the Common Depositary or such other nominee
or custodian for Euroclear and Clearstream, Luxembourg and/or
any other relevant clearing system.
English Law Registered Notes
On or before the issue date for each Tranche, if the relevant
Regulation S Global Note (or Interim Note, as the case may be)
is stated in the applicable Pricing Supplement to be held under
the NSS, the Regulation S Global Note or Interim Note, as
applicable, will be delivered to a Common Safekeeper (or its
nominee) for Euroclear and Clearstream, Luxembourg. On or
before the issue date for each Tranche, if the relevant
Regulation S Global Note (or Interim Note, as the case may be)
is not held under the NSS, the Regulation S Global Note, or
Interim Note, as applicable, representing English Law
Registered Notes shall be deposited with the Common
Depositary or such other nominee or custodian for Euroclear and
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Clearstream, Luxembourg and registered in the name of such
Common Depositary (or its nominee) for Euroclear and/or
Clearstream, Luxembourg and/or any other relevant clearing
system, or registered in the name of Cede & Co. as nominee for
DTC and/or any other relevant clearing system.
Beneficial interests in a Restricted Global Note (or Interim Note,
as the case may be) will be shown on, and transfers thereof will
be effected only through, records maintained by Euroclear,
Clearstream, Luxembourg and DTC and their respective
participants.
General
Global Notes (or Interim Notes, as the case may be) may also be
deposited with any other clearing system or may be delivered
outside any clearing system provided that the method of such
delivery has been agreed in advance by the Republic, the Fiscal
Agent and the relevant Dealer.
Interest Rate
The Notes may be issued on a fixed rate, floating rate, index
linked or zero coupon basis.
Fixed Rate Notes
Fixed rate interest will be payable in arrear on the date or dates
as agreed between the Republic and the relevant Dealer(s) in
each year (as specified in the applicable Pricing Supplement).
Floating Rate Notes
Floating Rate Notes will bear interest determined separately for
each Series as follows:

(i) on the same basis as the floating rate under a notional
interest rate swap transaction in the relevant Specified
Currency governed by an agreement incorporating the 2006
ISDA Definitions, as published by the International Swaps
and Derivatives Association, Inc.; or

(ii) by reference to EURIBOR (or such other benchmark as
may be specified in the relevant Pricing Supplement) as
adjusted for any applicable margin.

Interest periods will be specified in the relevant Pricing
Supplement.
Zero Coupon Notes
Zero Coupon Notes do not bear interest and may be issued at a
discount to their nominal amount. The amount payable on early
redemption of a Zero Coupon Note will be specified in the
applicable Pricing Supplement.
Dual Currency Notes
Payments (whether in respect of principal or interest and whether
at maturity or otherwise) in respect of Dual Currency Notes will
be made in such currencies and based on such rates of exchange
as may be specified in the relevant Pricing Supplement.
Index Linked Notes
Payments of interest in respect of Index Linked Interest Notes
will be calculated by reference to such index and/or formula as
may be specified in the relevant Pricing Supplement.
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Document Outline