Offer Period for 6% Reverse Convertible on Allianz AG Commences
WestLB AG, Düsseldorf/Münster, is issuing a 6% reverse convertible bearer bond on shares of Allianz AG. Issue date is January 7, 2004. The offer period runs from December 17, 2003 until January 5, 2004. The final terms of the issue will be determined on January 6, 2004 based on the price of the Allianz AG share on that date. The issue has a total volume of € 25 million and is available in denominations of € 5,000.
The bonds will be redeemed on July 12, 2004 either at par (scenario A) or by delivery of a certain number of shares of Allianz AG per bond with a principal amount of € 5,000 (scenario B). Payment date is January 12, 2004.
The bearer bond will be listed on the Düsseldorf, Frankfurt (Smart Trading) and Stuttgart (EUWAX) Stock Exchanges ("Freiverkehr").