Obligation RaiffeisenBank 2.5% ( XS1334453310 ) en USD

RaiffeisenBank

100 % ⇌

Autriche

XS1334453310 ( en USD )

2.5% par an ( paiement trimestriel )

21/12/2020 - Obligation échue

Prospectus brochure de l'obligation Raiffeisen XS1334453310 en USD 2.5%, échue

Raiffeisen est un groupe bancaire coopératif d'origine autrichienne présent dans de nombreux pays, opérant principalement dans les domaines de la banque de détail, de la banque d'investissement et de la gestion d'actifs.

L'Obligation émise par RaiffeisenBank ( Autriche ) , en USD, avec le code ISIN XS1334453310, paye un coupon de 2.5% par an.
Le paiement des coupons est trimestriel et la maturité de l'Obligation est le 21/12/2020

Securities Note dated 17 July 2020
This document contains (i) the securities note in respect of non-equity securities within the meaning of Article 2 (c) of the Regulation
(EU) 2017/1129 of the European Parliament and of the Council (as amended, the "Prospectus Regulation"); and (ii) the securities note in
respect of covered notes within the meaning of Article 2 (c) of the Prospectus Regulation (together, the "Securities Note") of Raiffeisen Bank
International AG (hereinafter also referred to as "RBI" or the "Issuer") relating to the

RAIFFEISEN BANK INTERNATIONAL AG
EUR 25,000,000,000 Debt Issuance Programme
for the issue of Notes (as defined herein),
which, together with the registration document dated 17 July 2020, as supplemented or updated from time to time (the "Registration
Document") constitutes a base prospectus (as supplemented, the "Base Prospectus") in accordance with Article 8(6) of the Prospectus
Regulation. The Base Prospectus shall supersede and replace the base prospectus dated 16 July 2019 and prepared in connection with the
Programme.
Under the EUR 25,000,000,000 Debt Issuance Programme described in this Securities Note (the "Programme"), RBI may from time to time
issue notes in bearer form (the "Notes"), including: (i) ordinary senior notes (the "Ordinary Senior Notes"); (ii) ordinary senior eligible notes
(the "Ordinary Senior Eligible Notes") and non-preferred senior eligible notes (the "Non-Preferred Senior Eligible Notes") (together,
the "Eligible Notes"); (iii) subordinated notes (the "Subordinated Notes") and (iv) covered bank bonds (fundierte Bankschuld-
verschreibungen) ("Covered Bank Bonds"). The aggregate principal amount of Notes (issued under the Programme) outstanding will not at
any time exceed EUR 25,000,000,000 (or the equivalent in other currencies).
This Securities Note has been approved by the Commission de Surveillance du Secteur Financier of the Grand Duchy of Luxembourg (the
"CSSF") in its capacity as competent authority under the Prospectus Regulation and the Luxembourg act relating to prospectuses for securities
dated 16 July 2019 (Loi du 16 juillet 2019 relative aux prospectus pour valeurs mobilières et portant mise en oeuvre du règlement (UE)
2017/1129, the "Luxembourg Prospectus Law"). The CSSF only approves this Securities Note as meeting the standards of completeness,
comprehensibility and consistency imposed by the Prospectus Regulation. Such approval should not be considered as an endorsement of the
quality of the Notes that are the subject of the Base Prospectus. Investors should make their own assessment as to the suitability of investing
in the Notes.
RBI has requested the CSSF to provide the competent authorities in the Federal Republic of Germany ("Germany"), the Republic of Austria
("Austria"), the Czech Republic, the Slovak Republic ("Slovakia"), Hungary and Romania with a certificate of approval in accordance with
Article 25 (1) of the Prospectus Regulation attesting that the Base Prospectus of which this Securities Note forms part has been drawn up in
accordance with the Prospectus Regulation and the Luxembourg Prospectus Law. RBI may request the CSSF to provide competent authorities
in additional Member States within the European Economic Area (each a "Member State" and, together, the "Member States") and the
United Kingdom with further notifications.
Application has been made to list Notes issued under the Programme on the official list of the Luxembourg Stock Exchange, to admit Notes
to trading on the Regulated Market of the Luxembourg Stock Exchange and application will be made to the Vienna Stock Exchange for the
Programme as a whole and for such Notes intended to be listed and traded on the regulated market (Amtlicher Handel) and may be made on
any other stock exchange. These regulated markets are regulated markets for the purposes of Directive 2014/65/EU (as amended, the "MiFID
II")(a "Regulated Market").
Notes will be issued in tranches (each a "Tranche"), each Tranche consisting of Notes which are identical in all respects. One or more
Tranches, which are expressed to be consolidated and form a single series and are identical in all respects, but may have different issue dates,
interest commencement dates, issue prices and dates for first interest payments may form a series ("Series") of Notes. Further Notes may be
issued as part of an existing Series. The specific terms of each Tranche will be determined at the time of offering of such Tranche based on
then prevailing market conditions and will be set forth in the applicable final terms (the "Final Terms") (the form of which is contained
herein).
This Securities Note and any supplement hereto will be published in electronic form on the website of the Luxembourg Stock Exchange
(www.bourse.lu) and on the website of the Issuer (www.rbinternational.com). For the avoidance of doubt, the content of the aforementioned
websites does not form part of this Securities Note.
The validity of this Securities Note ends upon expiration of 17 July 2021. There is no obligation to supplement the Base Prospectus (comprising
this Securities Note and the Registration Document) in the event of significant new factors, material mistakes or material inaccuracies when
the Base Prospectus (comprising this Securities Note and the Registration Document) is no longer valid.
Potential investors should be aware that any website referred to in this Securities Note does not form part of this Securities Note and has not
been scrutinised or approved by the CSSF.
Arrangers and Dealers
Deutsche Bank
Raiffeisen Bank International AG

i

IMPORTANT NOTICE
This Securities Note is to be read and construed together with (a) all supplements to this Securities Note,
if any, (b) the relevant Final Terms (as defined below) in relation to any tranche of Notes, (c) the
Registration Document and may only be used for the purposes for which it has been published.
No person has been authorised to give any information or to make any representation other than those
contained in the Securities Note in connection with the issue or sale of the Notes and, if given or made,
such information or representation must not be relied upon as having been authorised by the Issuer or
any of Deutsche Bank Aktiengesellschaft and Raiffeisen Bank International AG in its capacity as dealer
(each of such entities excluding any entity whose appointment has been terminated and including any
entity appointed as an additional dealer, a "Dealer" and, together, the "Dealers") or as approval of the
use of the Securities Note.
Neither the delivery of the Securities Note or the Registration Document nor any sale made in
connection herewith shall, under any circumstances, create any implication that there has been no
change in the affairs of the Issuer since the date hereof or that there has been no adverse change in the
financial position of the Issuer since the date hereof or the date upon which the Securities Note and the
Registration Document have been most recently supplemented or that any other information supplied
in connection with the Programme is correct as of 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 Securities Note and the Registration
Document or publish a new securities note or registration document if and when the information herein
should become materially inaccurate or incomplete, and has further agreed with the Dealers to furnish
a supplement to the Securities Note or the Registration Document in the event of any significant new
factor, material mistake or inaccuracy relating to the information included in this Securities Note or the
Registration Document, as applicable which is capable of affecting the assessment of the Notes and
which arises or is noted between the time when this Base Prospectus (comprising this Securities Note
and the Registration Document) has been approved and the final closing of any tranche of Notes offered
to the public or, as the case may be, when trading of any tranche of Notes on a Regulated Market begins,
whichever occurs later, in respect of Notes.
The Dealers have not separately verified the information contained in the Base Prospectus. None of the
Dealers makes any representation, express or implied, or accepts any responsibility, with respect to the
accuracy or completeness of any of the information in the Base Prospectus. Neither this Securities Note
nor the Registration Document nor any other information supplied in connection with the Programme
or any Notes nor any other financial statements are intended to provide the basis of any credit or other
evaluation and should not be considered as a recommendation by any of the Issuer or the Dealers that
any recipient of this Securities Note or the Registration Document or any recipient of any other
information supplied in connection with the Programme or any Notes or any other financial statements
should purchase the Notes. Each potential purchaser of Notes should determine for itself the relevance
of the information contained in the Base Prospectus and its purchase of Notes should be based upon
such investigation as it deems necessary. None of the Dealers undertakes to review the financial
condition or affairs of the Issuer during the life of the arrangements contemplated by the Base
Prospectus nor to advise any investor or potential investor in the Notes of any information coming to
the attention of any of the Dealers.
Neither this Securities Note nor the Registration Document nor any other information supplied in
connection with the Programme or the issue of any Notes constitutes an offer of, or an invitation by or
on behalf of the Issuer or the Dealers to subscribe for, or purchase, any Notes.
Notification under Section 309B of the Securities and Futures Act, Chapter 289 of Singapore
Save for Notes issued as derivative securities in the meaning of Annex XII of the Prospectus Regulation
or unless otherwise stated in the Final Terms, all Notes issued or to be issued under the Programme
shall be prescribed capital markets products (as defined in the Securities and Futures (Capital Markets
ii

Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-
N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on
Recommendations on Investment Products). Unless otherwise stated in the Final Terms, all Notes
issued or to be issued as derivative securities in the meaning of Annex XII of the Prospectus Regulation
under the Programme shall be capital markets products other than prescribed capital markets products
(as defined in the Securities and Futures (Capital Markets Products) Regulations 2018) and Specified
Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment
Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).
As at the date of this Securities Note, the specific benchmark applicable to an issue of Benchmark linked
Notes has not yet been determined. However, amounts payable under the Notes may be calculated by
reference to EURIBOR, which is currently provided by European Money Markets Institute ("EMMI"),
LIBOR and CMS, which are currently provided by ICE Benchmark Administration ("IBA"), SIBOR,
which is currently provided by ABS Benchmarks Administration Co Pte Ltd ("ABS"), BBSW, which
is currently provided by ASX Benchmarks Pty Limited ("ASX"), BUBOR, which is currently provided
by Central Bank of Hungary ("CBH"), PRIBOR, which is currently provided by Czech Financial
Benchmark Facility ("CFBF"), ROBOR, which is currently provided by National Bank of Romania
("NBR"), WIBOR, which is currently provided by GPW Benchmark ("GPW"), MosPrime, which is
currently provided by National Finance Association ("NFA"), ZIBOR, which is currently provided by
Croatian Banking Association ("CBA"), HVPI, which is currently provided by the Statistical Office of
the European Union ("Eurostat"), SARON which is currently provided by SIX Swiss Exchange ("SIX
Swiss"), SONIA, which is currently provided by the Bank of England, SOFR, which is currently
provided by the Federal Reserve Bank of New York, STR, which is published by the European Central
Bank since 2 October 2019, Bloomberg BFIX, which is published by the Bloomberg Index Services
Limited ("BISL") or any other benchmark (the "Other Benchmark") (each a "Benchmark"). As at the
date of this Securities Note HVPI, SONIA, SOFR, ROBOR and STR do not fall within the scope of
the Benchmark Regulation. As at the date of this Securities Note ABS, IBA, EMMI, ASX, GPW, CFBF,
SIX Swiss and BISL appear on the register of administrators and benchmarks (the "Benchmark
Register") established and maintained by the European Securities and Markets Authority ("ESMA")
pursuant to Article 36 of the Regulation (EU) 2016/1011 (as amended, the "Benchmark Regulation").
In case Notes are issued which make reference to any Other Benchmark, the relevant Final Terms will
specify the name of the specific benchmark and the relevant administrator. In such case, the Final Terms
will further specify if the relevant administrator is included in the ESMA Register or whether the
transitional provisions in Article 51 of the Benchmarks Regulation apply or whether an exemption
pursuant to Article 2 (2) (a) of the Benchmarks Regulation applies.
Each potential investor in Notes must determine the suitability of that investment in light of its own
circumstances. In particular, each potential investor should:
(i)
have sufficient knowledge and experience to make a meaningful evaluation of the relevant Notes,
the merits and risks of investing in the relevant Notes and the information contained in the Base
Prospectus (comprising this Securities Note and the Registration Document) or any applicable
supplement;
(ii) have access to, and knowledge of, appropriate analytical tools to evaluate, in the context of its
particular financial situation and the investment(s) it is considering, an investment in the Notes
and the impact the Notes will have on its overall investment portfolio;
(iii) have sufficient financial resources and liquidity to bear all of the risks of an investment in the
relevant Notes, including where principal or interest is payable in one or more currencies, or
where the currency for principal or interest payments is different from the potential investor's
currency;
(iv) understand thoroughly the terms of the relevant Notes and be familiar with the behaviour of the
relevant underlying, if any; and
iii

(v)
be able to evaluate (either alone or with the assistance of a financial adviser) possible scenarios
for economic, interest rate and other factors that may affect its investment and its ability to bear
the applicable risks.
Some Notes are complex financial instruments. Sophisticated institutional investors generally do not
purchase complex financial instruments as stand alone investments. They purchase complex financial
instruments as a way to reduce risk or enhance yield with an understood, measured, appropriate addition
of risk to their overall portfolio. A potential investor should not invest in Notes which are complex
financial instruments unless it has the expertise (either alone or with the assistance of a financial adviser)
to evaluate how the Notes will perform under changing conditions, the resulting effects on the value of
the Notes, the likelihood of cancellation of payment of principal, payment of distributions or a write-
down of the Notes and the impact this investment will have on the potential investor's overall investment
portfolio. Each potential investor in the Notes should determine the suitability of such investment in
light of its own circumstances and have sufficient financial resources and liquidity to bear the risks of
an investment in the Notes, including the possibility that the entire principal amount of the Notes could
be lost.
Obligation of the Issuer with regard to a supplement
Any significant new factor, material mistake or material inaccuracy relating to the information included
in the Base Prospectus (comprising this Securities Note and the Registration Document) which may
affect the assessment of any Notes issued under the Programme and which arises or is noted between
the time when this Base Prospectus (comprising this Securities Note and the Registration Document) is
approved and the closing of the offer period of such Notes or the time when trading on a regulated
market begins, whichever occurs later, will be included and published in a supplement to this Securities
Note or the Registration Document in accordance with Article 23 of the Prospectus Regulation.
Investors shall be aware that a supplement to this Securities Note or to the Registration Document may
be published. Such a supplement will be published on the Issuer`s website (www.rbinternational.com
under "Investors" under "Information for Debt Investors"). In accordance with Article 23 of the
Prospectus Regulation, where the Base Prospectus (comprising this Securities Note and the Registration
Document) relates to an offer of Notes to the public, investors who have already agreed to purchase or
subscribe for any Notes before such a supplement is published have the right, exercisable within two
working days after the publication of such a supplement, to withdraw their acceptances, provided that
the significant new factor, material mistake or material inaccuracy arose before the final closing of the
offer to the public and the delivery of the Notes.
Obligations of the Financial Intermediaries with regard to a supplement
Where the Notes are purchased or subscribed through a financial intermediary, that financial
intermediary shall inform Holders of the Notes of the possibility of a supplement being published, where
and when it would be published and that the financial intermediary would assist them in exercising their
right to withdraw acceptances in such case. The financial intermediary shall contact Holders of the
Notes on the day when the supplement is published.
iv

SELLING RESTRICTIONS
The distribution of the Base Prospectus and the offering or sale of the Notes in certain jurisdictions may
be restricted by law. Persons into whose possession the Base Prospectus comes are required by the
Issuer and the Dealers to inform themselves about and to observe any such restriction.
The Notes have not been and will not be registered under the United States Securities Act of 1933
(the "Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the
United States. The Notes may not be offered, sold or delivered within the United States or to, or for the
account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act ("Regulation
S")).
The Notes 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 U.S. person, except in certain transactions permitted by U.S. tax
regulations.
The Base Prospectus has been prepared on the basis that, except to the extent sub-paragraph (ii) below
may apply, any offer of Notes in any Member State of the European Economic Area and/or the United
Kingdom (each, a "Relevant Member State") will be made pursuant to an exemption pursuant to the
Regulation (EU) 2017/1129 (as amended, the "Prospectus Regulation"), from the requirement to
publish a prospectus for offers of Notes. Accordingly any person making or intending to make an offer
in that Relevant Member State of Notes which are the subject of an offering contemplated in the Base
Prospectus as completed by Final Terms in relation to the offer of those Notes may only do so (i) in
circumstances in which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant
to Article 3 of the Prospectus Regulation or supplement a prospectus pursuant to Article 23 of the
Prospectus Regulation, in each case, in relation to such offer, or (ii) if a prospectus for such offer has
been approved by the competent authority in that Relevant Member State or, where appropriate,
approved in another Relevant Member State and notified to the competent authority in that Relevant
Member State and (in either case) published, all in accordance with the Prospectus Regulation,
provided that any such prospectus has subsequently been completed by Final Terms which specifies
that offers may be made other than pursuant to Article 3(2) of the Prospectus Regulation in that Relevant
Member State, such offer is made in the period beginning and ending on the dates specified for such
purpose in such prospectus or final terms, as applicable, and the Issuer has consented in writing to its
use for the purpose of such offer. Except to the extent sub-paragraph (ii) above may apply, neither the
Issuer nor any Dealer have authorised, nor do they authorise, the making of any offer of Notes in
circumstances in which an obligation arises for the Issuer or any Dealer to publish or supplement a
prospectus for such offer.
For a description of certain restrictions on offers and sales of the Notes and on the distribution of the
Base Prospectus, see "Subscription and Sale" and for any consent to use the Base Prospectus given by
the Issuer, see "Consent to Use the Base Prospectus".
IMPORTANT EEA AND UK RETAIL INVESTORS
Unless the Final Terms in respect of any Notes specifies the "Prohibition of Sales to EEA and UK Retail
Investors" as "Not Applicable", the Notes are not intended to be offered, sold or otherwise made
available to and should not be offered, sold or otherwise made available to any retail investor in the
European Economic Area ("EEA") or in the United Kingdom ("UK"). For these purposes, a retail
investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1)
of Directive 2014/65/EU (as amended, the "MiFID II"); (ii) a customer within the meaning of Directive
2016/97/EU (as amended, the "Insurance Distribution Directive"), where that customer would not
qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II or (iii) not a qualified
investor as defined in the Prospectus Regulation. Consequently, no key information document required
by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the
Notes or otherwise making them available to retail investors in the EEA or in the UK has been prepared
and therefore offering or selling the Notes or otherwise making them available to any retail investor in
the EEA or in the UK may be unlawful under the PRIIPS Regulation.
v

MIFID II PRODUCT GOVERNANCE / TARGET MARKET
The Final Terms in respect of any Notes may include a legend entitled "MiFID II Product Governance"
which may 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 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 of Notes about whether, for the purpose of the
MiFID Product Governance rules under Commission Delegated Directive (EU) 2017/593, as amended
(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.
STABILISATION
In connection with the issue of any tranche of Notes under the Programme, the Dealer or Dealers (if
any) named as stabilising manager(s) in the applicable Final Terms (or persons acting on behalf of a
stabilising manager) 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 of Notes 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 and 60 days after the
date of the allotment of the relevant tranche of Notes.
vi

TABLE OF CONTENTS
GLOSSARY AND LIST OF ABBREVIATIONS ................................................................................................. 1
RESPONSIBILITY STATEMENT ........................................................................................................................ 6
GENERAL DESCRIPTION OF THE PROGRAMME ......................................................................................... 7
GENERAL INFORMATION ................................................................................................................................. 9
RISK FACTORS RELATING TO THE NOTES ................................................................................................ 13
CONSENT TO USE THE SECURITIES NOTE ................................................................................................. 33
ISSUE PROCEDURES ........................................................................................................................................ 35
TERMS AND CONDITIONS OF THE NOTES ................................................................................................. 37
OPTION I - ANLEIHEBEDINGUNGEN FÜR GEWÖHNLICHE NICHT NACHRANGIGE
SCHULDVERSCHREIBUNGEN ................................................................................... 39
OPTION I - TERMS AND CONDITIONS FOR ORDINARY SENIOR NOTES ................................. 39
OPTION II - ANLEIHEBEDINGUNGEN FÜR NACHRANGIGE
SCHULDVERSCHREIBUNGEN ................................................................................. 161
OPTION II - TERMS AND CONDITIONS FOR SUBORDINATED NOTES.................................... 161
OPTION III - ANLEIHEBEDINGUNGEN FÜR FUNDIERTE
BANKSCHULDVERSCHREIBUNGEN ...................................................................... 244
OPTION III - TERMS AND CONDITIONS FOR COVERED BANK BONDS ................................. 244
OPTION IV - ANLEIHEBEDINGUNGEN FÜR BERÜCKSICHTIGUNGSFÄHIGE
SCHULDVERSCHREIBUNGEN ................................................................................. 336
OPTION IV - TERMS AND CONDITIONS FOR ELIGIBLE NOTES ............................................... 336
FORM OF FINAL TERMS ................................................................................................................................ 439
OVERVIEW ON COVERED BANK BONDS (FUNDIERTE BANKSCHULDVERSCHREIBUNGEN) ......... 531
DESCRIPTION OF RULES REGARDING RESOLUTIONS OF HOLDERS ................................................. 534
SUBSCRIPTION AND SALE ........................................................................................................................... 536
WARNING REGARDING TAXATION ........................................................................................................... 545
NAMES AND ADDRESSES ............................................................................................................................. 546

vii

GLOSSARY AND LIST OF ABBREVIATIONS
For ease of reference, the glossary and list of abbreviations below sets out certain abbreviations and
meanings of certain terms used in this Securities Note, but it does not include all definitions, in particular
those of the Terms and Conditions. Readers of this Securities Note should always have regard to the
full description of a term contained in this Securities Note.
Terms defined in the Registration Document shall have the same meaning when used in this Securities
Note, except where the context requires otherwise.
For the avoidance of doubt, any abbreviation of (and reference to) any legal acts set out below also
include the relevant legal acts as amended or superseded from time to time.
ARRC
means the Alternative Reference Rates Committee.
AT 1
means Additional Tier 1 pursuant to the relevant provisions in the CRR.
Austria
means the Republic of Austria.
Authorised Offerors
means the Generally Authorised Offerors and the Specifically Authorised
Offerors.
BaSAG
means the Austrian Recovery and Resolution Act (Sanierungs- und
Abwicklungsgesetz BaSAG).
Base Prospectus
means this document and the Registration Document.
BGB
means the German Civil Code (Bürgerliches Gesetzbuch BGB).
Benchmark Regulation means the Regulation (EU) No 596/2014 of the European Parliament and
or BMR
of the Council of 8 June 2016 on indices used as benchmarks in financial
instruments and financial contracts or to measure the performance of
investment funds and amending Directives 2008/48/EC and 2014/17/EU
and Regulation (EU) No 596/2014 (Benchmark Regulation).
BWG
means the Austrian Banking Act (Bankwesengesetz - BWG).
CBL
means Clearstream Banking, S.A., Luxembourg.
CEE
means Central and Eastern Europe including Southeastern Europe.
CET 1
means Common Equity Tier 1 pursuant to the relevant provisions in the
CRR.
CHF
means Swiss francs.
Competent Authority
means the competent authority pursuant to Article 4(1)(40) CRR which is
responsible to supervise the Issuer on an individual and/or consolidated
basis.
Covered Bank Bonds
means notes in bearer form issued pursuant to the FBSchVG (Fundierte
Bankschuldverschreibungen).
CRR
means the Regulation (EU) No 575/2013 of the European Parliament and
of the Council of 26 June 2013 on prudential requirements for credit
institutions and investment firms and amending Regulation
(EU) No 648/2012 (Capital Requirements Regulation).
CSSF
means the Commission de Surveillance du Secteur Financier.
1

Dealer
means each of Deutsche Bank Aktiengesellschaft and Raiffeisen Bank
International AG (when acting in such capacity) excluding any entity
whose appointment has been terminated and including any entity appointed
as an additional dealer.
Dealer Agreement
means the dealer agreement entered into between the Issuer and the Dealers
as of the date of this Securities Note as a basis upon which they or any of
them may from time to time agree to purchase Notes.
ECB
means the European Central Bank.
Eligible Notes
means the Ordinary Senior Eligible Notes and the Non-Preferred Senior
Eligible Notes.
ESAEG
means the Austrian Deposit Guarantee and Investor Protection Act
(Einlagensicherungs- und Anlegerentschädigungsgesetz ESAEG).
ESG Projects
means projects and activities that promote climate-friendly and other
environmental purposes or social purposes.
STR
means the Euro-Short Term Rate.
EUR
means Euro.
Euroclear
means Euroclear Bank SA/NV.
Exempt Offer
means an offer of Notes in accordance with Article 3(2) of the Prospectus
Regulation.
FATCA
means Sections 1471 to 1474 of the U.S. Internal Revenue Code of 1986,
as amended, and the U.S. Treasury regulatory and other administrative
guidance promulgation thereunder, the provisions commonly referred to as
the U.S. Foreign Account Tax Compliance Act or FATCA.
FBSchVG
means the Austrian Act on Covered Bank Bonds (Gesetz betreffend
fundierte Bankschuldverschreibungen FBSchVG).
Final Terms
means the specific terms of each Series/Tranche which will be set forth in
the applicable final terms a form of which is contained in this Securities
Note.
FX
means foreign currency.
Generally Authorised
means each Dealer and/or each credit institution and/or each regulated
Offerors
financial institution in the EU and/or each financial intermediary which is
authorised under MiFID II to subsequently resell or finally place the Notes,
all subject to the specified limitations in the Final Terms.
Germany
means the Federal Republic of Germany.
HICP
means the inflation index "Harmonised Index of Consumer Prices
(excluding tabacco)".
Index Linked Notes
means notes whose payments of interest or redemption payment will be
made by reference to an index.
IPS
means an institutional protection scheme within the meaning of
Article 113(7) CRR.
2

ISIN
means International Securities Identification Number.
Issuer
means the Raiffeisen Bank International AG, also referred to as "RBI".
KuratorenG
means the Austrian Notes Trustee Act (Kuratorengesetz KuratorenG).
Luxembourg
means the Luxembourg act relating to prospectuses for securities dated
Prospectus Law
16 July 2019 (Loi du 16 juillet 2019 relative aux prospectus pour valeurs
mobilières et portant mise en oeuvre du règlement (UE) 2017/1129).
Market Interest Rate
means the current interest rate on the capital market for issues of the same
maturity.
Member States
means the Member States of the European Economic Area (excluding the
United Kingdom).
MiFID II
means the Directive 2014/65/EU of the European Parliament and of the
Council of 15 May 2014 on markets in financial instruments and amending
Directive 2002/92/EC and Directive 2011/61/EU (Markets in Financial
Instruments Directive II - MiFID II).
Moody's
means Moody's Investor Service.
MREL
means the minimum requirement for own funds and eligible liabilities.
Non-exempt Offer
means a public offer of Notes other than pursuant to Article 3(2) of the
Prospectus Regulation.
Non-Preferred Senior
means Notes with non-preferred senior ranking, as further set out in § 3
Eligible Notes
(Status) of Option IV Eligible Notes.
Notes
means the Ordinary Senior Notes, Subordinated Notes, Covered Bank
Bonds and the Eligible Notes issued from time to time under the
Programme.
OeKB
means OeKB CSD GmbH.
Ordinary Senior
means Notes with ordinary senior ranking, as further set out in § 3 (Status)
Eligible Notes
of Option IV Eligible Notes.
Ordinary Senior Notes
means Notes with ordinary senior ranking, as further set out in § 3 (Status)
of Option I Ordinary Senior Notes.
PBOC
means the People's Bank of China.
PRC
means the People's Republic of China.
Programme
means the EUR 25 billion debt issuance programme for the issue of Notes.
Prospectus Regulation
means the Regulation (EU) 2017/1129 of the European Parliament and of
the Council of 14 June 2017 on the prospectus to be published when
securities are offered to the public or admitted to trading on a regulated
market, and repealing Directive 2003/71/EC.
RBI
means the Issuer.
For the avoidance of doubt, all references in this Securities Note to "RBI"
and the "Issuer" relating to periods prior to 18 March 2017 are references
to RBI prior to the Merger 2017.
3