WestLB Issues Outperformance Certificates on the Nikkei 225
WestLB AG (WestLB) is issuing Outperformance Certificates on the Nikkei 225, which enable the investor to profit from the performance of an underlying index and receive an additional bonus. The offer period for the certificates runs to October 2, 2003.
Upon maturity the investor participates 100% in the performance of the Nikkei 225 comparable to an index certificate. In addition he receives a bonus provided that the index at no time during the observation period trades at or below an agreed price threshold. If the Nikkei 225 at no time trades at or below the price threshold of 65% of the initial reference value and at the determination date trades below the bonus level of 140% of the initial reference value, the certificate will be repaid at 140% of its nominal amount. In all other cases the repayment of the certificate will be calculated according to the closing level of the index at the determination date.
WestLB AG is issuing up to 1 million Outperformance Certificates on the Nikkei 225. The observation period runs from (and including) October 7, 2003 to (and including) October 9, 2009. Maturity date is October 9, 2009. The initial reference value will be determined on October 6, 2003 (record date) on the basis of the closing price of the Nikkei 225. Closing is October 10, 2003. The certificates will be listed on the Düsseldorf, Frankfurt and Stuttgart (EUWAX) Stock Exchanges ("Freiverkehr").