6.5% Reverse Convertible on Allianz AG
WestLB AG (WestLB), Düsseldorf/Münster, is issuing a 6.5% reverse convertible bearer bond on Allianz AG. The issue has a nominal volume of € 25 million. The initial offer price of the reverse convertible on Allianz AG is 100% and the interest rate is 6.5%. It is available in denominations of € 1,000.
The bonds will be redeemed in accordance with the terms and conditions of the issue on December 22, 2003 either a) at par (scenario A) or b) by delivery of 17 shares of Allianz AG per bond at a strike price of € 58.85. The reference for the share is € 75. The determination date for the redemption of the bond is December 15, 2003. Payment date is June 20, 2003.
The bonds will be listed on the Düsseldorf, Frankfurt and Stuttgart (EUWAX) Stock Exchanges ("Freiverkehr").