Ciao,il trigger prevede convertibilita' in azioni o taglio nominale ?
Write Down and Reinstatement: Upon a Trigger Event, the
Prevailing Outstanding
Amount will be written down by the lower of i) the
amount necessary to cure the Trigger Event threshold
(taking into account the pro rata write
down/conversion of all Loss Absorbing Instruments (if
any) to be written down/converted concurrently with the
Notes, provided that, with respect to each Loss
Absorbing Instrument (if any) such pro rata write down/
conversion shall only be taken into account to the
extent required to restore the CET1 Ratio of the Group
to the lower of (a) such Loss Absorbing Instrument's
trigger level and (b) the Trigger Level in respect of
which a Trigger Event has occurred) and ii) the amount
that would reduce the Prevailing Outstanding Amount to
USD 0.01 Following a reduction of the Prevailing
Outstanding Amount the Issuer may, at its discretion,
reinstate some or all of the principal amount of the
Notes, subject to compliance with the Relevant Rules
(including the Maximum Distributable Amount), on a
pro-rata basis with all other Discretionary Temporary
Loss Absorption Instruments (if any), and subject to
the Maximum Reinstatement Amount restriction
Consent to Bail-in: By its acquisition of the
Notes, each Holder
acknowledges, accepts, consents and agrees to be bound
by the effect of the exercise of the Bail-In Power by a
Relevant Resolution Authority.