Bonds issued by ERSTE Foundation

Here, you find all relevant information regarding the Programme for the Issuance of Notes (Programm zur Begebung von Schuldverschreibungen) of DIE ERSTE österreichische Spar-Casse Privatstiftung.

This Prospectus does not constitute an offer of, or an invitation by or on behalf of any of the Issuer to subscribe for, or purchase, any Notes in certain jurisdictions in which such offer or invitation is not permitted. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”).


Public offer Czech Republic, Slovak Republic, Hungary, Romania and Luxemburg

Prospectus dated 6 December 2011

The documents contained herein do not constitute an offer to sell, or a solicitation of an offer to buy, any bonds (the ‘Bonds’) issued by DIE ERSTE österreichische Spar-Casse Privatstiftung (the ‘Issuer’). Any offer of the Bonds by the Issuer is based on the base prospectus which was approved by the Commission de Surveillance du Secteur Financier on 6 December 2011, and published and passported to Czech Republic and Slovak Republic (the ‘Base Prospectus’), as well as the relevant final terms (the ‘Final Terms’). In connection with any offering of Bonds, only statements made in the Base Prospectus and the Final Terms are binding. Prior to taking an investment decision, prospective investors should in particular consider the risk factors contained in the Base Prospectus and the Final Terms.

The Bonds may be publicly offered only in Czech Republic, Slovak Republic and Luxembourg, and the documents contained herein may not be distributed or published in Austria, the US, Canada, Japan or Australia or any other country where it may be unlawful to do so. The Bonds have not been registered under the US Securities Act of 1933 (the ‘Securities Act’), as amended, or with any authority of any state of the US, and may not be offered or sold in the US without registration or an exemption pursuant to the Securities Act. There may be no public offer of the Bonds in the US, Canada, Japan or Australia or any other country where it may be unlawful to do so.