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W&C Standard Template This document constitutes two base prospectuses for the purpose of Article 8 of the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the "Prospectus Regulation") of Berlin Hyp AG: (i) the base prospectus in respect of non-equity securities within the meaning of Article 2 c) of the Prospectus Regulation and (ii) the base prospectus in respect of Pfandbriefe (non-equity securities within the meaning of Article. 2 c) of the Prospectus Regulation (together, the "Base Prospectus"). Base Prospectus 31 March 2020 Berlin Hyp AG Berlin, Federal Republic of Germany € 25,000,000,000 Offering Programme (the "Programme") Under the Programme Berlin Hyp AG ("Berlin Hyp", "Berlin Hyp AG", the "Bank" or the "Issuer") may from time to time issue notes (the "Notes", which expression includes, unless otherwise indicated, Pfandbriefe). Notes other than Pfandbriefe may be issued on a subordinated or unsubordinated basis. Application has been made to list Notes issued under the Programme (i) on the official list of the Luxembourg Stock Exchange, to admit Notes to trading on the Regulated Market of the Luxembourg Stock Exchange (Bourse de Luxembourg) and (ii) to admit Notes to trading on the markets of the Berlin Stock Exchange (Börse Berlin, regulierter Markt). These regulated markets are regulated markets for purposes of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (as amended, "MiFID II"). Notes issued under the Programme may also be listed or traded on other or further stock exchanges (including stock exchanges in other Member States within the European Economic Area and the United Kingdom) or may not be listed at all. Berlin Hyp AG has requested the Commission de Surveillance du Secteur Financier (the “CSSF”) of the Grand Duchy of Luxembourg in its capacity as the competent authority under the Prospectus Regulation and the Luxembourg act relating to prospectuses for securities dated 16 July 2019 (Loi du 16 juillet 2019 relative aux prospectus pour valeurs mobilières et portant mise en oeuvre du règlement (UE) 2017/1129, the "Luxembourg Law") to (i) approve this Base Prospectus and (ii) provide the competent authorities in the Federal Republic of Germany, the United Kingdom of Great Britain and Northern Ireland, the Republic of Ireland and the Republic of Austria with a certificate of such approval attesting that the Base Prospectus has been drawn up in accordance with the Prospectus Regulation and the Luxembourg Law (each a "Notification"). CSSF only approves this Base Prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation. Such approval should not be considered as an endorsement of the Issuer or of the quality of the Notes that are the subject of this Base Prospectus. Investors should make their own assessment as to the suitability of investing in the Notes. The Issuer may request the CSSF to provide competent authorities in additional host Member States within the European Economic Area or the United Kingdom with a Notification. Arranger UniCredit Bank Dealers UniCredit Bank Berlin Hyp This Base Prospectus will be published in electronic form on the website of the Issuer (www.berlinhyp.de/bhyp/en/investorrelations) and on the website of the Luxembourg Stock Exchange (www.bourse.lu). The validity ends upon expiration of 31 March 2021. There is no obligation to supplement the Propsectus in the event of significant new factors, material mistakes or material inaccuracies when the Base Prospectus is no longer valid. Potential investors should be aware that any website referred to in this Base Prospectus does not form part of this Base Prospectus and has not been scrutinised or approved by the CSSF. TABLE OF CONTENTS Page 1. Description ................................................................................................................ 1 1.1 Description of the Programme ........................................................................ 1 1.2 Description of the Notes (including Pfandbriefe) ............................................. 4 2. Risk Factors............................................................................................................. 12 2.1 Risk Factors regarding Berlin Hyp ................................................................ 12 2.2 Risk Factors regarding the Notes ................................................................. 20 3. Responsibility Statement ......................................................................................... 26 4. Important Notice ...................................................................................................... 27 5. Berlin Hyp AG .......................................................................................................... 30 5.1. Statutory Auditors ......................................................................................... 30 5.2 History and Development ............................................................................. 30 5.3 Business Overview ....................................................................................... 31 5.3.1 Principal Activities ........................................................................ 31 5.3.2 Principal Markets .......................................................................... 31 5.4 Organisational Structure ............................................................................... 32 5.5 Dependence ................................................................................................. 33 5.6 Significant Contracts .................................................................................... 33 5.7 Trend Information ......................................................................................... 33 5.8 Management and Supervisory Bodies .......................................................... 33 5.8.1 Board of Management .................................................................. 33 5.8.2 Supervisory Board ........................................................................ 34 5.8.3 Shareholders' Meeting (Hauptversammlung) ................................ 35 5.8.4 Cover Assets Trustee ................................................................... 35 5.8.5 Conflict of interests ....................................................................... 35 5.9 Major shareholders ....................................................................................... 35 5.10 Financial Information concerning Berlin Hyp's Assets and Liabilities, Financial Position and Profits and Losses .................................................... 35 5.10.1 Historical Financial Information ..................................................... 35 5.10.2 Financial statements .................................................................... 36 5.10.3 Developments .............................................................................. 37 5.10.4 Auditing of Historical Financial Information ................................... 40 5.10.5 Governmental, Legal and Arbitration Proceedings ........................ 40 5.10.6 Significant change in Berlin Hyp's Financial Position .................... 40 5.11 Documents on Display ................................................................................. 40 6. Terms and Conditions of the Notes and Related Information ................................... 41 i 6.1 Terms and Conditions of the Notes and the Pfandbriefe - English Language Version ........................................................................................ 42 6.1.1 Instructions for the use of the Terms and Conditions ...................... 42 6.1.2 Terms and Conditions of Notes (other than Pfandbriefe) .............. 43 Option I: Terms and Conditions for Fixed Rate Notes ................... 43 Option II: Terms and Conditions for Floating Rate Notes .............. 59 Option III: Terms and Conditions for Zero Coupon Notes .............. 83 6.1.3 Terms and Conditions of Pfandbriefe ........................................... 98 Option IV: Terms and Conditions for Fixed Rate Pfandbriefe ........ 98 Option V: Terms and Conditions for Floating Rate Pfandbriefe ... 107 Option VI: Terms and Conditions for Zero Coupon Pfandbriefe .. 123 6.2 Terms and Conditions of the Notes and Pfandbriefe - German Language Version (Übersetzung der Emissionsbedingungen ins Deutsche) ............... 130 6.2.1 Handlungsanweisungen für die Verwendung der Emissionsbedingungen ............................................................... 130 6.2.2 Emissionsbedingungen für Schuldverschreibungen (Ausgenommen Pfandbriefe) ...................................................... 131 Option I: Emissionsbedingungen für Festverzinsliche Schuldverschreibungen .............................................. 131 Option II: Emissionsbedingungen für Variabel Verzinsliche Schuldverschreibungen .............................................. 149 Option III: Emissionsbedingungen für Nullkupon- Schuldverschreibungen .............................................. 176 6.2.3 Emissionsbedingungen für Pfandbriefe ...................................... 194 Option IV: Emissionsbedingungen für Festverzinsliche Pfandbriefe ................................................................. 194 Option V: Emissionsbedingungen für Variabel Verzinsliche Pfandbriefe ................................................................
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