COREALCREDIT BANK AG

GENERAL
GENERAL DESCRIPTION OF THE PROGRAMME
Under this EUR 5,000,000,000 Debt Issuance Programme (the "Programme"), the Issuer may
from time to time issue notes (the "Notes") and appoint dealers in respect of one or more
Tranches (as defined below). References in this Prospectus to "Dealers" are to all persons
appointed as a dealer in respect of one or more Tranches.
The maximum aggregate principal amount of all Notes outstanding at any one time under the
Programme will not exceed EUR 5,000,000,000 (or its equivalent in other currencies). The Issuer
may increase the amount of the Programme from time to time.
Notes under the Programme may also be issued as Mortgage Pfandbriefe
(Hypothekenpfandbriefe) or Public Sector Pfandbriefe (Öffentliche Pfandbriefe) in bearer form.
The Notes will be issued to one or more Dealer(s). Notes may be distributed by way of public offer
or private placements and, in each case, on a syndicated or non-syndicated basis. The method of
distribution of each Tranche will be stated in the relevant final terms (the "Final Terms"). Notes
may also be sold by the Issuer to investors directly.
Notes in bearer form will be issued in tranches (each a "Tranche"), each Tranche consisting of
Notes which are identical in all respects. One or more Tranches, which are expressed to be
consolidated and forming a single series and identical in all respects, but having different issue
dates, interest commencement dates, issue prices and dates for first interest payments may form
a series ("Series") of Notes. Further Notes may be issued as part of an existing Series. The
specific terms of each Tranche will be set forth in the applicable Final Terms.
Notes will be issued in such denominations as may be agreed between the Issuer and the relevant
Dealer(s) save that the minimum denomination of the Notes will be EUR 1,000 or, if any currency
other than euro, in an amount in such other currency equal to or exceeding the equivalent of
EUR 1,000 at the time of the issue of the Notes.
Notes guaranteed by the German Financial Market Stabilisation Fund (Sonderfonds
Finanzmarktstabilisierung – SoFFin) will not be issued under this Prospectus.
Notes may be issued at an issue price which is at par or at a discount to, or premium over, par, as
specified in the applicable Final Terms.
Application has been made in order for the Notes in bearer form to be issued under the
Programme to be listed on the Official List of the Luxembourg Stock Exchange and to be admitted
to trading on the Regulated Market of the Luxembourg Stock Exchange. The Programme provides
that Notes in bearer form may be listed on other or further stock exchanges as may be agreed
between the Issuer and the relevant Dealer(s) in relation to each issue. Notes may further be
issued under the Programme which will not be listed on any stock exchange.
Notes will be accepted for clearing through one or more Clearing Systems as specified in the
applicable Final Terms. These systems will include those operated by Clearstream Banking AG,
Frankfurt am Main ("CBF"), Clearstream Banking, société anonyme, Luxembourg ("CBL") and
Euroclear Bank SA/NV, ("Euroclear").
Deutsche Bank Aktiengesellschaft will act as fiscal agent (the "Fiscal Agent") in relation to Notes
in bearer form that will initially be deposited (in global form) with, or a depository or common
depository of, any Clearing System.
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