New Index Warrants on Dow Jones Euro STOXX 50SM Price Index
WestLB AG, Düsseldorf/Münster, is issuing 26 tranches of index warrants (18 Calls/8 Puts) on the Dow Jones Euro STOXX 50SM Price Index. The issue volume is 20 million warrants per tranche and the ratio is 100:1. The warrants have different exercise periods.
The holder of 100 warrants shall be entitled to demand from WestLB payment of a differential amount per warrant in accordance with the warrant terms. The differential amount shall equal one hundredth of the difference, expressed in Euro, by which the final settlement price for Eurex options on the Dow Jones Euro STOXX 50SM determined on the Eurex at the exercise date exceeds the strike price (Call) or falls short of the strike price (Put). One index point corresponds to a differential amount of €1. Value date id December 18, 2002.
The warrants will be listed on the Düsseldorf, Frankfurt and Stuttgart (EUWAX) Stock Exchanges ("Freiverkehr").