Commerzbank AG — Share Issue/Capital Change 2020

May 7, 2020

National Storage Mechanism | Additional information

COMMERZBANK AG - Pre-stabilisation Fed.Rep.of Germany € benchmark 2035

PR Newswire

London, May 7

Pre-Stabilisation notice

May 6, 2020

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

Federal Republic of Germany

€ benchmark due 2035

Pre-Stabilisation Notice

Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 69 13623492) hereby announces, as Stabilisation Coordinator, that the Stabilising Managers 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:	Federal Republic of Germany
Guarantor (if any):	n/a
Aggregate nominal amount:	€ 7.5 billion (€ 500m retained by the issuer)
Description:	0% senior, unsecured Notes due 15 May 2035
Offer price:	104.659 %
Other offer terms:	payment date 15th May 2020, denoms 0€ 0.01; listing on all domestic exchanges
Stabilisation:
Stabilisation coordinator: Stabilising Managers:	Commerzbank AG BNP BofA Merrill Lynch CACIB HSBC
Stabilisation period expected to start on:	May 6, 2020
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.
Stabilisation trading venue:	all domestic exchanges

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 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