State of NRW Issues Twin-Win Certificate
WestLB Lead Manages NRW's Second Issue in the Certificates Markets
Following the successful "Jubiläumsanleihe" ("anniversary bond") in 2006 ("60 years NRW"), the State of North Rhine-Westphalia is issuing its second certificate in the retail market, thus expanding its investor base. WestLB - together with Barclays - will again act as Joint Lead Manager and use the densely knit savings bank network as a tried-and-tested distribution channel.
Attractive Terms for Private Investors
Besides the guaranteed payback of 100% of the nominal investment at maturity, the certificate features an attractive twin-win structure, allowing investors not only to benefit from a rising DJ Euro Stoxx 50® up to the maximum amount but also to generate attractive returns in case of a moderately declining index. A precondition is that the index never touches or falls below the threshold of 60% of the initial reference value during the term of the certificate.
The subscription period begins on May 19, 2008 and ends on June 20, 2008, subject to early closing.