BOOKBUILDING BASLER KANTONALBANK - CHF AT1 PerpNC5 3.000% Mittwoch, 18. März 2015 - 09:01

Issuer: Basler Kantonalbank
Issuer Rating: AA (stable) by S&P
Issue Rating: BBB- (stable, exp) by S&P
Issue Size: CHF 100mm min (CHF 150mm max)
Price guidance: 3.000% area
Format: Domestic (Exempt of Swiss withholding tax)
Status: Deeply subordinated, ranking behind Tier 2
instruments, pari passu with Tier 1 instruments and
senior to Equity Capital and any equivalent items
No state guarantee: Bondholders do not benefit from a state guarantee of
the Canton of Basel-City
Maturity: Perpetual
Issuer Calls: At year 5 and on every interest payment date
thereafter at prevailing notional amount subject to
the prior approval of the Regulator, if then
required. Any time upon occurrence of a tax or
regulatory event at prevailing notional amount
subject to the prior approval of the Regulator, if
then required
Payment Date: 1 April 2015
First Call Date: 1 April 2020
Coupon Payments: [3.000%] on prevailing notional amount until First
Call Date, thereafter reset every 5 years at the then
prevailing 5-year CHF swap rate (minimum 0%) plus
initial margin. Non-cumulative coupons, payable at
the discretion of the issuer, subject to sufficient
distributable items
Div. Stopper: No profit distribution or repurchase of participation
certificates if coupon is not paid in full
Write-down Trigger Event: Upon occurrence of a Write-down Trigger Event, the
principal is written down to the extent necessary to
remedy the trigger breach. Full principal write-off
upon occurrence of a Viability Event
Write-down Trigger: 5.125% Common Equity Tier 1
Viability Event: If the issuer receives an irrevocable commitment of
extraordinary public sector support to prevent
insolvency (etc.), or a write-down is required to
prevent insolvency (etc.) as determined by FINMA
Leads: Deutsche Bank (JLB), Basler Kantonalbank (JLNB)
Listing: SIX Swiss Exchange
First Trading Day: 30 March 2015
Governing Law: Swiss law / Standalone documentation
Sales Restr.: USA and US persons, UK, EEA
Denomination: CHF 200,000 and multiples thereof
Timing: Later today, books can close at short or no notice

Investor Presentation, Preliminary Prospectus and Rating Report available on:
Website: http://www.netroadshow.com
Entry codde: BKB2015 (not case-sensitive)

The Securities are not intended to be sold and should not be sold to retail clients in the EEA, as defined in the rules set out in the Temporary Marketing Restriction (Contingent Convertible Securities) Instrument 2014 (as amended or replaced from time to time) other than in circumstances that do not and will not give rise to a contravention of those rules by any person. [Prospective investors are referred to the section headed “Restrictions on marketing and sales to retail investors” on page [5] of this [Prospectus] / [Offering Circular] for further information.]