COMMERZBANK AG (London Branch): Pre-Stabilisation Volkswagen Leasing EUR 3.5yr & 8yr

COMMERZBANK AG (London Branch): Pre-Stabilisation Volkswagen Leasing EUR 3.5yr 
& 8yr
Pre-Stabilisation notice                             
25th March, 2014 
Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful. 


                            Volkswagen Leasing GmbH                            
                                  € Benchmark                                 
                Fixed Rate senior unsecured Notes due 04 October 2017             
                                      And                                      
                                  € Benchmark                                 
                 Fixed Rate senior unsecured Notes due 04 April 2022              
                Guaranteed by Volkswagen Financial Services AG                 
        Under the Issuer's Debt Issuance Programme, dated 12 June 2013         
                             Stabilisation Notice                              

Commerzbank AG (contact: Ian Turner; telephone: 44-207-475-1817) hereby
announces that the Stabilising Manager(s) named below may stabilise the offer
of the following securities in accordance with Commission Regulation (EC) No.
2273/2003 implementing the Market Abuse Directive (2003/6/EC).

The security to be stabilised:                                                 


                                                                           
Issuer:                             Volkswagen Leasing GmbH                     
                                                                           
Guarantor (if any):                 Volkswagen Financial Services AG            
                                                                           
ISIN                                3.5yr tba                                   


                                                                               
                                    8yr tba                                    


                                                                           
Aggregate nominal amount:           3.5yr € Benchmark                          


                                                                                 
                                    8yr € Benchmark                           


                                                                             
Description:                        € 3.5yr Fixed Rate Notes                   


                                                                                 
                                    € 8yr Fixed Rate Notes                    


                                                                             
Offer price:                        n/a                                         
                                                                           
Other offer terms:                  Payment 04 April 2014, Listing Luxembourg   
                                Denoms: 1k+1k. Rating: A3 / A-              
                                                                           
Stabilisation:                                                                  
                                                                           
Stabilising Manager(s):             Coordinating Stabilsation Manager:          


                                                                               
                                    Commerzbank Aktiengesellschaft             
                                                                               
                                    Stabilisation Managers                     
                                                                               
                                    Banco Bilbao Vizcaya Argentaria, S.A.      
                                                                               
                                    Merrill Lynch International                
                                                                               
                                    RBC Europe Limited                         


                                                                           
Stabilisation period commences      25th March, 2014                            
                                                                           
Stabilisation period expected to    No later than 30 days                      
end on:                                                                         
                                                                           
Existence, maximum size and         The Stabilising Manager(s) may over-allot  
conditions of use of over-allotment the securities to the extent permitted in  
facility.                           accordance with applicable law.             
In connection with the offer of the above securities, the Stabilising Manager
(s) may over-allot the securities or effect transactions with a view to
supporting the market price of the securities at a level higher than that which
might otherwise prevail. However, there is no assurance that the Stabilising
Manager(s) will take any stabilisation action and any stabilisation action, if
begun, may be ended at any time Any stabilisation action or over-allotment
shall be conducted in accordance with all 
applicable laws and rules. 
This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction. 
This announcement is not for distribution, directly or indirectly, in or into
the United States or any other jurisdiction in which such distribution would be
unlawful. 
END 
END 
-0- Mar/25/2014 08:18 GMT
 
 
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