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Trust Preferred Securities

Additional Tier 1

Issuer Aareal Bank AG
Issue Rating BB (Fitch)
ISIN DE000A1TNDK2
Volume EUR 300 Mio.
Cupon 7.625% per annum until the First Call Date (30.4.2020),
payable annually in arrears on 30 April. Reset at First Call 
Date and annually thereafter at the relevant 1-year mid swap
rate plus the Initial Credit Spread  of 7.18% (no step-up)
Day count fraction act/act (ICMA)
Value Date 20.11.2014
Maturity perpetual
Optional Redemption On 30 April 2020 and every reset date thereafter 
(subject to any previous write down having been fully written up,
unless investor consent to redemption at the written down amount)
Denomination EUR 200.000
Listing Luxemburg
Lead Manager BNPP, DB, HSBC
 
29/03/2023:
Additional Tier 1 bond will not be called