Commerzbank AG — Capital/Financing Update 2018

Jun 12, 2018

National Storage Mechanism | Additional information

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COMMERZBANK AG - Pre-stab ESM 0.75% € 1.5bn Tap 2027

PR Newswire

London, June 12

Pre-Stabilisation notice

12 June 2018

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

European Stability Mechanism (ESM)

0.75% EUR 1.5bn senior, unsecured Tap due 2027

Stabilisation Notice

Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 69 13623492) hereby announces that the Stabilising Managers 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:	ESM
Guarantor (if any):	none
ISIN	EU000A1Z99B9
Aggregate nominal amount:	EUR 1.5 billion
Description:	Senior, unsecured increase due 15 March 2027
Offer price:	tbc
Other offer terms:	Coupon 0.75%; denoms € 0.01 and multiples thereof, settlement 19 June 2018, ISIN EU000A1Z99B9
Stabilisation:
Stabilisation coordinator: Stabilising Managers:	Commerzbank AG BofA Merrill Lynch HSBC
Stabilisation period commences	12 June 2018
Stabilisation period expected to end on:	No later than 30 days after the proposed issue date of the securities
Existence, maximum size and conditions of use of over-allotment facility.	The Stabilising Managers may over-allot the securities to the extent permitted in accordance with applicable law.

In connection with the offer of the above securities, the Stabilising Managers 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 Managers 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