Pre-Stabilisation notice
26th October 2016
Not for distribution, directly or
indirectly, in or into the United
States or any jurisdiction in which such distribution would
be unlawful.
German
State of North Rhine-Westphalia
EUR Benchmark Fixed Rate
Landesschatzanweisung due 16 October
2046
Pre-Stabilisation Notice
Commerzbank AG (contact: Ian
Turner; telephone: (44-207475-1817) hereby announces, as
Stabilisation Coordinator, that the Stabilising Manager(s) named
below may stabilise the offer of the following securities in
accordance with Commission Delegated Regulation (EU) 2016/1052
under the Market Abuse Regulation (EU Regulation 596/2014).
| The
security to be stabilised: |
| Issuer: |
German State of
North Rhine-Westphalia |
| Guarantor (if
any): |
n/a |
| Aggregate nominal
amount: |
EUR Benchmark |
| Description: |
EUR
Fixed Rate Landesschazanweisung due 16 October 2046 |
| ISIN: |
DE000NRW0J22 |
| Offer price: |
[n/a] |
| Other offer terms: |
Denoms: EUR1k+1k,
Listing Duesseldorf. Payment date 03 November 2016 |
|
Stabilisation: |
| Stabilising
Manager(s): |
Commerzbank Aktiengesellschaft (CSM)
Stabilsation Managers:
Bank of America
Deutsche Bank AG
JP Morgan Securities Limited |
| Stabilisation period
expected to start on: |
26th October
2016 |
| Stabilisation period
expected to end on: |
25th
November 2016 (30 days after the proposed issue date of the
securities) |
| Existence, maximum size
and conditions of use of over-allotment facility. |
The Stabilising
Manager(s) may over-allot the securities to the extent permitted in
accordance with applicable law. |
| Stabilisation trading
venue: |
Duesseldorf Stock
Exchange |
In connection with the offer of the above securities, the
Stabilising Manager(s) may over-allot the securities or effect
transactions with a view to supporting the market price of the
securities during the stabilisation period at a level higher than
that which might otherwise prevail. However, stabilisation may not
necessarily occur and and any stabilisation action, if begun, may
cease at any time Any stabilisation action or over-allotment shall
be conducted in accordance with all applicable laws and rules.
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any
jurisdiction.
This announcement is not for distribution, directly or
indirectly, in or into the United States or any other
jurisdiction in which such distribution would be unlawful.
END