Wüstenrot Bausparkasse Aktiengesellschaft Ludwigsburg, Federal Republic of Germany. First Supplement

Transkript

1 17 November 2017 Wüstenrot Bausparkasse Aktiengesellschaft Ludwigsburg, Federal Republic of Germany First Supplement in accordance with Section 16(1) of the German Securities Prospectus Act (Wertpapierprospektgesetz; "WpPG") to the following Base Prospectus (the "Base Prospectus"): Base Prospectus dated 19 June 2017 relating to the Euro 2,000,000,000 Debt Issuance Programme 1

2 If, before this Supplement is published, investors have already agreed to purchase or subscribe for Securities issued under the Final Terms to the Base Prospectus which have been published by the date of this Supplement, such investors shall have the right to withdraw their declaration of purchase or subscription in accordance with Section 16(3) WpPG within a period of two working days from the date of publication of this Supplement, provided that the new factor, mistake or inaccuracy referred to in Section 16(1) WpPG arose before the final closing of the offer to the public and the delivery of the securities. The withdrawal (for which no reasons need to be given) must be declared by written notice to that entity to which the relevant investor addressed the declaration of purchase or subscription. Timely dispatch of notice is sufficient to comply with the notice period. During the validity of the Base Prospectus and as long as any Securities issued in connection with the Base Prospectus are listed on any stock exchange or offered to the public, copies of this Supplement and of the Base Prospectus, as supplemented, will be available free of charge upon request from Wüstenrot Bausparkasse Aktiengesellschaft, Hohenzollernstraße 46, Ludwigsburg, Federal Republic of Germany (Tel.: ) and via the Issuer's website 2

3 The purpose of this Supplement is to update the Base Prospectus with respect to Wüstenrot Bausparkasse Aktiengesellschaft's interim financial information for the period ended 30 June 2017, which was published on 10 August 2017 and which constitutes a new factor pursuant to Section 16(1) WpPG. 3

4 1. In the Base Prospectus, in the section "SUMMARY", in the section "SECTION B ISSUER", the Element B.12 shall be replaced as follows: B.12 Selected historical key financial information The following table sets out in summary form the balance sheet of Wüstenrot Bausparkasse Aktiengesellschaft pursuant to the German Commercial Code, which has been extracted from the audited individual annual financial statements of Wüstenrot Bausparkasse Aktiengesellschaft for the financial years ended 31 December 2015 and 31 December 2016 and the unaudited interim financial information as of 30 June Assets in Mio Loans and advances to banks Loans and advances to customers Capital investments & cash reserve 3,540 3,095 3,341 20,041 13,595 14,039 4,722 4,003 4,412 Total assets 28,443 20,780 21,898 Liabilities in Mio Liabilities to banks 2, ,767 Liabilities to customers ,738 17,508 Equity Total liabilities 28,443 20,780 21,898 The following sets out in summary form significant parts of the income statement of Wüstenrot Bausparkasse Aktiengesellschaft pursuant to the German Commercial Code, which has been extracted from the audited individual annual financial statements of Wüstenrot Bausparkasse Aktiengesellschaft for the financial years ended 31 December 2015 and 31 December 2016 and the unaudited interim financial information as of 30 June in Mio Net Interest Income Net Commission Income Net Interest and Comission Income General Administrative Expenses a.) Personnel expenses b.) Other administrative expenses Balance of other operating revenue/expenses Risk Provisioning

5 Transfers to the fund for general banking risks Extraordinary result Period/Annual profit Other operating revenue less other operating expenses. 2 Consisting amortisation and write-downs of receivables and specific securities, as well as additions to loan loss provisions, income from write-ups on equity investments, interest in affiliated companies, and securities held as fixed assets. Trend Information Significant changes in the financial or trading position There has been no material adverse change in the prospects of the Issuer since the date of its last published audited financial statements for the year ended 31 December Not applicable. At the date hereof, there has been no significant change in the financial position of the Issuer since 30 June In the Base Prospectus, in the section "ZUSAMMENFASSUNG", in the section "ABSCHNITT B EMITTENTIN", the Element B.12 shall be replaced as follows: B.12 Ausgewählte wesentliche historische Finanzinformationen Die nachfolgende Übersicht stellt in zusammengefasster Form die HGB-Bilanz der Wüstenrot Bausparkasse Aktiengesellschaft dar, die den geprüften Jahresabschlüssen (Einzelabschlüsse) der Wüstenrot Bausparkasse Aktiengesellschaft für die jeweils am 31. Dezember endenden Geschäftsjahre 2015 und 2016 sowie dem ungeprüften Halbjahresfinanzbericht der Wüstenrot Bausparkasse Aktiengesellschaft zum 30. Juni 2017 entnommen wurden: Aktiva in Mio Forderungen Kreditinstitute an Forderungen an Kunden Geld- und Kapitalanlagen & Barreserve Summe der Aktiva Passiva in Mio Verbindlichkeiten ggü. Kreditinstituten Verbindlichkeiten Kunden ggü Eigenkapital Summe der Passiva

6 Die nachfolgende Übersicht stellt in zusammengefasster Form die wesentlichen Positionen der HGB-Gewinn- und Verlustrechnung der Wüstenrot Bausparkasse Aktiengesellschaft dar, die den geprüften Jahresabschlüssen (Einzelabschlüsse) der Wüstenrot Bausparkasse Aktiengesellschaft für die jeweils am 31. Dezember endenden Geschäftsjahre 2015 und 2016 sowie dem ungeprüften Halbjahresfinanzbericht der Wüstenrot Bausparkasse Aktiengesellschaft zum 30. Juni 2017 entnommen wurden: in Mio Zinsüberschuss 149,2 133,0 262,1 318,3 Provisionssaldo -29,1-24,2-31,2-54,1 Zins- und Provisionsüberschuss 120,1 108,8 230,9 264,2 Allgemeine Verwaltungsaufwendungen -174,9-152,9-302,7-303,4 a.) Personalaufwand -62,4-54,1-102,6-108,1 b.) Andere Verwaltungsaufwendungen -112,5-98,8-200,1-195,3 Saldo sonstiger betrieblicher Erträge und Aufwendungen 1 10,4 23,9 105,4 71,5 Risikovorsorge 2 73,8 35,0 150,6 69,7 Zuführung zum Fonds für allg. Bankrisiken ,0-80,0 Außerordentliches Ergebnis - -2,0-42,1-4,0 Perioden-/Jahresüberschuss 19,2 5,7 23,4 0,3 1 Sonstige betriebliche Erträge abzüglich sonstiger betrieblicher Aufwendungen. 2 Bestehend aus den Positionen Erträgen aus Zuschreibungen zu Forderungen und bestimmten Wertpapieren sowie aus der Auflösung von Rückstellungen im Kreditgeschäft und der Position Erträge aus Zuschreibungen zu Beteiligungen, Anteilen an verbundenen Unternehmen und wie Anlagevermögen behandelten Wertpapieren. Ausblick Die Aussichten der Emittentin seit dem Datum des letzten veröffentlichten geprüften Jahresabschlusses für das am 31. Dezember 2016 endende Jahr haben sich nicht wesentlich verschlechtert. Wesentliche Veränderungen bei Finanzlage oder Handelsposition Entfällt. Zum Datum dieses Basisprospekts gab es keine wesentliche Veränderung in der Finanzlage der Emittentin seit dem 30. Juni

7 3. In the Base Prospectus, in the section "5 WÜSTENROT BAUSPARKASSE AKTIENGESELLSCHAFT", subsection "5.8 HISTORICAL FINANCIAL INFORMATION" shall be replaced as follows: "5.8 HISTORICAL FINANCIAL INFORMATION The Issuer s Annual Reports for the years ended 31 December 2015 and 31 December 2016, each including the annual financial statements (comprising balance sheet, income statement and notes to the annual financial statements) and, in each case, the independent auditor s reports thereon and the Issuer s Interim Financial Information for the period ended 30 June 2017 (comprising balance sheet, profit and loss account, equity analysis, condensed notes and the independent auditor s review report), are incorporated by reference into this Prospectus and are available and may be obtained from Wüstenrot Bausparkasse Aktiengesellschaft, Hohenzollernstraße 46, Ludwigsburg, Federal Republic of Germany. The above-mentioned reports and the interim financial information are also available at the Issuer s website Financial statements The following sets out in summary form the balance sheet of Wüstenrot Bausparkasse Aktiengesellschaft pursuant to the German Commercial Code, which has been extracted from the audited individual annual financial statements of Wüstenrot Bausparkasse Aktiengesellschaft for the financial years ended 31 December 2015 and 31 December 2016 and the unaudited interim financial information as of 30 June The Issuer is not under an obligation to produce consolidated financial statements. Assets in Mio Liabilities in Mio Loans and advances to banks Loans and advances to customers 3,540 20,041 3,095 13,595 3,341 14,039 Liabilities to banks Liabilities to customers Equity 2, , ,767 17, Capital investments & cash reserve 4,722 4,003 4,412 Total assets 28,443 20,780 21,898 Total liabilities 20,780 20,780 21,898 The following sets out in summary form significant parts of the income statement of Wüstenrot Bausparkasse Aktiengesellschaft pursuant to the German Commercial Code, which has been extracted from the audited individual annual financial statements of Wüstenrot Bausparkasse Aktiengesellschaft for the financial years ended 31 December 2015 and 31 December 2016 and the unaudited interim financial information as of 30 June In Mio Net Interest Income Net Commission Income Net Interest and Commission Income General administrative expenses a.) Personnel expenses b.) Other administrative expenses

8 Balance of other operating revenue/expenses 1 Risk Provisioning 2 Transfers to the fund for general banking risks Extraordinary result Annual profit Other operating revenue less other operating expenses. 2 Consisting amortisation and write-downs of receivables and specific securities, as well as additions to loan loss provisions, income from write-ups on equity investments, interest in affiliated companies, and securities held as fixed assets Auditing of Historical Financial Information The auditors of the Issuer have audited the annual financial statements of the Issuer for the two financial years ended 31 December 2015 and 31 December 2016 and have issued an unqualified auditor's report (uneingeschränkter Bestätigungsvermerk) in each case. The auditors of the Issuer have reviewed (einer prüferischen Durchsicht unterzogen) the interim financial information of the Issuer for the period ended 30 June The interim financial information of the Issuer for the period ended 30 June 2017 are unaudited. Legal and Arbitration Proceedings The Issuer is not involved in any governmental, legal or arbitration proceedings (including any such proceedings which are pending or threatened), during a period covering the previous 12 months which may have or have had in the recent past, significant effects on the Issuer s financial position or profitability. Significant Changes in the Issuer s Financial Position There has been no significant change in the financial position of the Issuer since 30 June 2017." 4. In the Base Prospectus, in the section "12 GENERAL DESCRIPTION OF THE PROGRAMME", subsection "12.10 DISPLAY DOCUMENTS" shall be replaced as follows: "12.10 DISPLAY DOCUMENTS Throughout the duration of the Programme and from the date of this Prospectus, paper copies of the following documents (partially together with English translations) may be inspected at the registered office of the Issuer in Ludwigsburg, in each case during usual business hours, on any weekday (Saturday and public holidays excepted) at any time whilst any Note is outstanding: (i) the Articles of Association (Satzung) of the Issuer; (ii) the most recent Annual Report and financial statement of the Issuer together with any subsequent published interim report (including a half-yearly financial report (Halbjahresfinanzbericht) for the first half of the relevant financial year); (iii) the Annual Reports and financial statements of the Issuer for the periods ended 31 December 2015 and 31 December 2016; (iv) the interim financial information of the Issuer for the period ended 30 June 2017; and (v) this Base Prospectus and any Final Terms or supplements hereto (excluding the Final Terms in connection with Notes with a denomination per unit of at least EUR 100,000 which are not listed on any stock exchange). 8

9 All Documents have been published on the website of the Issuer at the Base Prospectus is directly available at Investor Relations Anleihen Emissionen der Wüstenrot Bausparkasse AG." 9

10 5. In the Base Prospectus, in the section "13 INFORMATION INCORPORATED BY REFERENCE", the following row shall be added to the table: " 3. Interim Financial Information of Wüstenrot Bausparkasse AG for the period ended 30 June 2017 in German language (Halbjahresfinanzbericht zum 30. Juni 2017 Wüstenrot Bausparkasse AG) Balance sheet p. 14 to 17 5 Wüstenrot Bausparkasse AG Profit and loss account p. 18 to 19 5 Wüstenrot Bausparkasse AG Equity analysis p Wüstenrot Bausparkasse AG Condensed notes p. 21 to 87 5 Wüstenrot Bausparkasse AG Review report of the independent auditor p Wüstenrot Bausparkasse AG " 10

11 THE ISSUER Wüstenrot Bausparkasse Aktiengesellschaft Hohenzollernstraße Ludwigsburg Federal Republic of Germany FISCAL AGENT, PAYING AGENT AND REGISTRAR Wüstenrot Bausparkasse Aktiengesellschaft Hohenzollernstraße Ludwigsburg Federal Republic of Germany LEGAL ADVISORS to the Issuer Linklaters LLP Taunusanlage Frankfurt am Main Federal Republic of Germany AUDITORS to the Issuer KPMG Aktiengesellschaft Wirtschaftsprüfungsgesellschaft Theodor-Heuss-Straße Stuttgart Federal Republic of Germany 11