WestLB Global Hedge Index Certificates Based on “Artificial Intelligence”
Holders of WestLB Global Hedge Index Certificates invest in the major global equity markets, which are represented by the following indices: Dow Jones EURO STOXX 50SM, FTSETM 100, Nasdaq 100, Nikkei 225 and S&P 500®. Investors opt for an "alternative investment", the aim of which is to achieve stable absolute income through the purchase and sale of futures positions in the five indices. The basis for the investment decisions is provided by the professional data processing system Fin4Cast®, which was developed by Siemens AG (Austria). The Fin4Cast® software is subject to an ongoing, self-optimising "learning process". By investing in 50% long and 50% short futures positions, a neutral strategy is pursued to ensure stable income. The composition of the index is reviewed and adjusted weekly to ensure a timely response to market developments. WestLB Global Hedge Index Certificates can already be acquired for a small capital investment.
WestLB AG, Düsseldorf/Münster, plans to issue 1 million WestLB Global Hedge Index Certificates which will mature on April 4, 2008. The index is the "WestLB Global Hedge Index" as determined and published by the issuer. Payment date is January 23, 2003. The certificates will be listed on the Düsseldorf, Frankfurt and Stuttgart (EUWAX) Stock Exchanges.
At the maturity date, the issuer will pay the reference amount to the holder of a WestLB Global Hedge Index Certificate in accordance with the terms and conditions of the certificates. The reference amount per certificate will correspond to the published closing value of the WestLB Global Hedge Index at the determination date, with one index point equalling € 1 minus an administration and performance fee accrued over the life of the certificate and reflected in the continuous price determination of the certificate.
Siemens AG (Austria) is the global leader in the development of forecasting and control processes based on "artificial intelligence". With the application of this technology, the expertise of a globally operating company influences the investment strategy and thus guarantees a high degree of reliability and standards of quality.