6.5% Reverse Convertible on Siemens AG
WestLB AG, Düsseldorf/Münster, is issuing a 6.5% reverse convertible bearer bond on Siemens AG. The issue has a nominal volume of € 25 million. The initial offer price of the reverse convertible on Siemens 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 January 21, 2004 either a) at par (scenario A) or b) by delivery of 24 shares of Siemens AG per bond at a strike price of € 41.67. The reference for the share is € 46.12. The determination date for the redemption of the bond is January 14, 2004. Payment date is July 21, 2003.
The bonds will be listed on the Düsseldorf, Frankfurt and Stuttgart (EUWAX) Stock Exchanges ("Freiverkehr").