COMMERZBANK AKTIENGESELLSCHAFT Frankfurt am Main Federal Republic of Germany

Transcription

1 Supplement dated 14 November 2017 to the Base Prospectus dated 10 August 2017 COMMERZBANK AKTIENGESELLSCHAFT Frankfurt am Main Federal Republic of Germany 40,000,000,000 Medium Term Note Programme (the Programme) This supplement (the Supplement) to the base prospectus dated 10 August 2017 (the Base Prospectus or the Prospectus) constitutes a supplement for the purposes of Article 13 of the Loi relative aux prospectus pour valeurs mobilières which implements Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 (as amended, including by Directive 2010/73/EU of the European Parliament and of the Council of 24 November 2010) into Luxembourg Law (the Luxembourg Law) and is prepared in connection with the 40,000,000,000 Medium Term Note Programme of COMMERZBANK Aktiengesellschaft (Commerzbank Aktiengesellschaft, COMMERZBANK, the Issuer or the Bank, together with its consolidated subsidiaries and affiliated companies COMMERZBANK Group or the Group). Unless otherwise defined herein, expressions defined in the Base Prospectus shall have the same meaning when used in this Supplement. This Supplement is supplemental to, and should be read in conjunction with, the Base Prospectus. This Supplement has been prepared following the publication of the COMMERZBANK Group's Interim Report as at 30 September The Issuer accepts responsibility for the information contained in this Supplement and hereby declares, that having taken all reasonable care to ensure that such is the case, the information contained in this Supplement is, to the best of its knowledge, in accordance with the facts and contains no omission likely to affect its import. To the extent that there is any inconsistency between (a) any statement in this Supplement and (b) any other statement in or incorporated by reference in the Base Prospectus, the statements in (a) above will prevail. In accordance with Article 13 paragraph 2 of the Luxembourg Law, investors who have already agreed to purchase or subscribe for the Notes before this Supplement is published have the right, exercisable within two working days after the publication of this Supplement, to withdraw their acceptances. The final date of the right of withdrawal will be 16 November This Supplement is available for viewing in electronic form together with the Base Prospectus and the documents incorporated by reference at the website of the Luxembourg Stock Exchange ( Furthermore, this Supplement is available for viewing in electronic form at the website of COMMERZBANK Aktiengesellschaft ( (available under Investor Relations, Debt holder Information; Issuance programmes) and copies may be obtained from COMMERZBANK Aktiengesellschaft, Kaiserstraße 16 (Kaiserplatz), D Frankfurt am Main.

2 Amendments to the Base Prospectus Summary Element B.12 on pages 4 and 5 of the Base Prospectus shall be deleted and replaced by the following: B.12 Selected key financial information, No material adverse change in the prospects of the Issuer, Significant changes in the financial position The following table sets forth selected key financial information of the COMMERZBANK Group which has been derived from the respective audited consolidated financial statements prepared in accordance with IFRS as of 31 December 2015 and 2016 as well as from the consolidated interim financial statements as at 30 September 2017 (reviewed): Balance Sheet ( m) 31 December 31 December 2015 *) September 2017 Total assets , ,450 **) 489,905 Equity... 30,125 29,640 **) 29,727 January December January September Income Statement ( m) 2015 *) ***) 2017 Pre-tax profit or loss... 1, Consolidated profit or loss ****)... 1, *) Figures in 2015 restated due to a change in reporting plus other restatements. **) Equity and Total assets as of 31 December 2016 were retrospectively adjusted due to restatements and are reported at EUR 29,618 million (equity) and EUR 480,436 million (Total assets) in the unaudited consolidated financial statements as at 30 September ***) Figures in 2016 adjusted due to restatements. ****) Insofar as attributable to COMMERZBANK shareholders. There has been no material adverse change in the prospects of the COMMERZBANK Group since 31 December Not applicable. There has been no significant change in the financial position of the COMMERZBANK Group since 30 September Zusammenfassung Element B.12 on page 25 of the Base Prospectus shall be deleted and replaced by the following: B.12 Ausgewählte wesentliche Finanzinformationen, Keine wesentliche negative Veränderung in den Aussichten der Emittentin, Wesentliche Veränderung in der Finanzlage Die nachstehende Übersicht zeigt ausgewählte Finanzinformationen des COMMERZBANK-Konzerns, die den jeweils geprüften Konzernabschlüssen nach IFRS zum 31. Dezember 2015 und 2016 sowie dem verkürzten, einer prüferischen Durchsicht unterzogenen Konzernzwischenabschluss zum 30. September 2017 entnommen wurden: Bilanz (in Mio ) 31. Dezember 31. Dezember 2015 *) September 2017 Bilanzsumme **) Eigenkapital **)

3 Konzern-Gewinn-und Verlustrechnung (in Mio ) Januar Dezember Januar September 2015 *) ***) 2017 Ergebnis vor Steuern Konzernergebnis ****) *) Anpassungen in 2015 aufgrund geändertem Ausweis sowie diverser Restatements. **) Das Eigenkapital sowie die Bilanzsumme zum 31. Dezember 2016 wurden aufgrund von Restatements retrospektiv angepasst und werden im ungeprüften Konzernzwischenabschluss zum 30. September 2017 mit EUR Mio. (Eigenkapital) und EUR Mio. (Bilanzsumme) ausgewiesen. ***) Anpassungen in 2016 aufgrund von Restatements. **) Soweit den COMMERZBANK-Aktionären zurechenbar. Seit dem 31. Dezember 2016 ist keine wesentliche negative Veränderung in den Aussichten des COMMERZBANK-Konzerns eingetreten. Entfällt. Seit dem 30. September 2017 ist keine wesentliche Veränderung in der Finanzlage des COMMERZBANK-Konzerns eingetreten. Description of Commerzbank Aktiengesellschaft Sub-section Group structure and corporate investments on page 88 of the Base Prospectus shall be deleted and replaced by the following: Group structure and significant Group companies COMMERZBANK is the parent company of the COMMERZBANK Group. The following table provides an overview of the main subsidiaries held by the Bank, both directly and indirectly, as of the date of this Base Prospectus: Company comdirect bank AG... Commerz Real AG... Commerzbank Brasil S.A. Banco Múltiplo... Commerzbank (Eurasija) AO... Commerzbank Finance & Covered Bond S.A.... Commerzbank Zrt... Commerz Markets LLC... mbank S.A.... Registered office Quickborn Eschborn São Paulo Moscow Luxembourg Budapest New York Warsaw In sub-section Board of Managing Directors and Supervisory Board the paragraph Board of Managing Directors on pages 90 and 91 of the Base Prospectus shall be deleted and replaced by the following: Board of Managing Directors The Bank s Board of Managing Directors currently consists of seven members. The following overview shows the members of the Board of Managing Directors of COMMERZBANK, their responsibilities, and the names of all companies and partnerships outside the COMMERZBANK Group of which they are currently a member of the administrative, management or supervisory bodies or a partner

4 Name Responsibility External mandates Martin Zielke... Group Management: Chairman of the Board of Managing Directors Group Audit, Group Communications, Group Development & Strategy Frank Annuscheit... Group Services: Group Information Technology, Group Organisation & Security, Group Banking Operations, Group Markets Operations, Group Delivery Center Dr. Marcus Chromik... Segment Asset & Capital Recovery Group Management: Group Credit Risk Management Core, Group Credit Risk Management Non-Core, Group Risk Controlling & Capital Management, Group Market Risk Management, Group Intensive Care, Big Data & Advanced Analytics Stephan Engels... Group Management: Group Finance, Group Investor Relations, mbank Deputy Chairman of the Supervisory Board of BVV Versicherungsverein des Bankgewerbes a.g., Berlin Member of the Advisory Board of EIS Einlagensicherungsbank GmbH, Berlin Michael Mandel... Private and Small- Business Customers segment: Private Customers, Small- Business Customers, Private and Small- Business Customers (North, East, Central, West and South), comdirect bank, Commerz Real Dr. Bettina Orlopp... Group Management: Croup Compliance, Group Human Resources, Group Legal Michael Reuther... Corporate Clients segment: Mittelstandsbank (North, Central/East, West and South), Corporates International, Trade Finance & Cash Management, Corporate Finance, EMC, FIC, Credit Portfolio Management, Research, Segment Development & Digitalisation, Client Steering & Performance Group Management: Group Treasury Member of the Board of Supervisory Directors of Landwirtschaftliche Rentenbank, Frankfurt am Main Member of the Advisory Board of Verlagsbeteiligungs- und Verwaltungsgesellschaft mit beschränkter Haftung, Frankfurt am Main - 4 -

5 The members of the Board of Managing Directors may be reached at the Bank s business address: Kaiserstraße 16 (Kaiserplatz), Frankfurt am Main, Germany. Sub-section Interim financial information on page 94 of the Base Prospectus shall be deleted and replaced by the following: Interim financial information The COMMERZBANK Group's unaudited condensed interim financial statements as at 30 September 2017 (reviewed) are incorporated by reference into, and form part of, this Prospectus (see Documents Incorporated by Reference). Sub-section Significant change in the financial position on page 94 of the Base Prospectus shall be deleted and replaced by the following: Significant change in the financial position There has been no significant change in the financial position of the COMMERZBANK Group since 30 September Sub-section Auditors on pages 94 and 95 of the Base Prospectus shall be deleted and replaced by the following: Auditors The Bank s auditors are PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (formerly PricewaterhouseCoopers Aktiengesellschaft Wirtschaftsprüfungsgesellschaft) (PwC), Friedrich- Ebert-Anlage 35-37, Frankfurt am Main, Germany. PwC audited the consolidated financial statements for the 2015 and 2016 financial years, which were prepared in accordance with International Financial Reporting Standards (IFRS) and the additional accounting requirements under Section 315a(1) of the German Commercial Code (HGB), and also audited the annual financial statements for the 2016 financial year, which were prepared in accordance with German generally accepted accounting principles, and issued an unqualified auditors report in each case. COMMERZBANK s condensed consolidated interim financial statements as at 30 September 2017 have been subject to a review by PwC and provided with a review report. PwC is a member of the German Wirtschaftsprüferkammer (Chamber of Public Accountants). Documents Incorporated by Reference In section Documents Incorporated by Reference on pages 368 and 369 of the Base Prospectus the following table shall be added. COMMERZBANK Group Interim Report as at 30 September 2017 (English version) Interim financial statements Statement of comprehensive income p. 31 p. 35 Balance sheet p. 36 p. 37 Statement of changes in equity p. 38 p. 40 Cash flow statement (condensed version) p. 41 Selected notes p. 42 p. 84 Review report p