AEG 21604 G Manual de usuario descargar pdf (Pagina 51)

100

101

Risks Related to the Guarantor

 The Guarantor is an indirect subsidiary of the Issuer and thus dependent on the Issuer. In addition,

the Guarantor has itself no significant operational activities and is itself a holding company and,

therefore, dependent on its operating subsidiaries.

Risks Related to the Notes

 The Notes may not be a suitable investment for all investors.

 Prior to the issue, there has been no public market for the Notes and there can be no assurance that

a liquid secondary market for the Notes will develop or, if it does develop, that it will continue; in

an illiquid market, an investor might not be able to sell his Notes at any time at fair market prices.

 The Notes may be subject to early redemption at the principal amount, if the Issuer becomes obli-

gated to bear withholding taxes which are or will be leviable on payments of principal or interest

in respect of the Notes; if the Issuer calls and redeems the Notes in such case, the Noteholders may

only be able to reinvest the redemption proceeds in securities with a lower yield.

 The Noteholders are exposed to the risk of an unfavourable development of market prices of their

Notes which materialize if the Noteholders sell the Notes prior to the final maturity.

 Market value of the Notes could decrease if the creditworthiness of AEG PS Group worsens.

 The Euro denominated Notes could represent a currency risk for a Noteholder if the Euro repre-

sents a foreign currency to such Noteholder; in addition governments and competent authorities

could impose exchange controls in the future.

 A Noteholder of the fixed rate Notes is particularly exposed to the risk that the price of such Notes

falls as a result of changes in the market interest rate.

 A Noteholder is subject to the risk to be outvoted and to lose rights towards the Issuer against his

will in the case that Noteholders agree pursuant to the Terms and Conditions of the Notes to

amendments of the Terms and Conditions of the Notes by majority vote according to the German

Act on Debt Securities of 2009 (Schuldverschreibungsgesetz ).

 The market value of the Notes might decrease if the market changes its perception of the Issuer’s

creditworthiness following potential future changes of accounting standards and positions.

 There is no restriction on the amount of debt which the Issuer may incur in the future.

Risks Related to the Guarantee

 The existing liabilities of the Guarantor together with its liabilities under the Guarantee may ex-

ceed its assets; the Guarantee may therefore prove less valuable or even valueless.

1 2 ... 46 47 48 49 50 51 52 53 54 55 56 ... 650 651

AEG 21604 G Manual de usuario Pagina 51

Comentarios a estos manuales

AEG 21604 G Manual de usuario Pagina 51

Comentarios a estos manuales

Relacionado con productos y manuales para Placas AEG 21604 G