Pre-Stabilisation notice
2nd September, 2014
Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.
Deutsche Pfandbiefbank AG
EUR 500,000,000 (no grow)
Hypothekenpfandbrief / Mortgage Covered Bond.
Fixed Rate Notes due 08 September 2017
Under the Issuer's EUR 50,000,000,000 Debt Issuance Programme, dated 14th May
2014, as Supplemented 22nd May 2014, 4th June 2014 and 15th August 2014.
Stabilisation Notice
Commerzbank AG (contact: Ian Turner; telephone: 44-207-475-1817) hereby
announces that the Stabilising Manager(s) named below may stabilise the offer
of the following securities in accordance with Commission Regulation (EC) No.
2273/2003 implementing the Market Abuse Directive (2003/6/EC).
The security to be stabilised:
Issuer: Deutsche Pfandbriefbank AG
Guarantor (if any): n/a
ISIN DE000A11QA31
Aggregate nominal amount: EUR 500,000,000
Description: Mortgage Pfandbrief due 08 Setpember 2017.
Offer price: n/a
Other offer terms: Payment 9th September (short first cpn),
Listing Munich Denoms: 1k+1k. Rating: Aa2/
AA+
Stabilisation:
Stabilising Manager(s): Coordinating Stabilsation Manager:
Commerzbank Aktiengesellschaft
Stabilisation Managers
Deutsche Bank Aktiengesellschaft
HSBC Bank plc
Landesbank Baden-Wurttemberg
WGZ Bank AG
Stabilisation period commences 2nd September, 2014
Stabilisation period expected to No later than 30 days
end on:
Existence, maximum size and The Stabilising Manager(s) may over-allot
conditions of use of over-allotment the securities to the extent permitted in
facility. accordance with applicable law.
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 at a level higher than that which
might otherwise prevail. However, there is no assurance that the Stabilising
Manager(s) will take any stabilisation action and any stabilisation action, if
begun, may be ended 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
