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pdf, 1996K - WestLB

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does not equal or exceed or fall below certain parameters during the relevant<br />

interest period.<br />

CMS-linked Instruments:<br />

Index Linked Instruments:<br />

CMS-linked Instruments offer a floating rate of interest which is determined by<br />

reference to certain specified swap rates.<br />

Each issue of Index Linked Instruments will have terms and conditions in the<br />

English language only, will have a minimum denomination of Euro 50,000 or its<br />

foreign currency equivalent on the relevant date of issue and will only be<br />

marketed and sold to qualified investors (as defined in Article 2 1. (e) of the<br />

Prospectus Directive).<br />

Index Linked Interest Instruments<br />

Payments in respect of interest on Index Linked Interest Instruments will be<br />

calculated by reference to a single index or a basket of indices or such formula<br />

and on such terms as the Issuer and the relevant Dealer may agree (as set out in<br />

the relevant Final Terms).<br />

Index Linked Redemption Instruments<br />

Payment in respect of principal on Index Linked Redemption Instruments will<br />

be calculated by reference to a single index or a basket of indices or such<br />

formula and on such terms as the Issuer and the relevant Dealer may agree (as<br />

set out in the relevant Final Terms). The Issuer shall redeem each nominal<br />

amount of the Index Linked Redemption Instruments equal to the lowest<br />

denomination of such Instruments specified in the relevant Final Terms by<br />

payment of the redemption amount specified in the relevant Final Terms.<br />

Equity Linked Instruments:<br />

In the case of an index adjustment event occurring, the Issuer may redeem each<br />

nominal amount of the Index Linked Redemption Instruments equal to the<br />

lowest denomination of such Instruments specified in the relevant Final Terms<br />

by payment of the early redemption amount specified in the relevant Final<br />

Terms.<br />

Each issue of Equity Linked Instruments will have terms and conditions in the<br />

English language only, will have a minimum denomination of Euro 50,000 or its<br />

foreign currency equivalent on the relevant date of issue and will only be<br />

marketed and sold to qualified investors (as defined in Article 2 1. (e) of the<br />

Prospectus Directive).<br />

Equity Linked Interest Instruments<br />

Payments in respect of interest on Equity Linked Interest Instruments will be<br />

calculated by reference to a single equity security or a basket of equity securities<br />

or such formula and on such terms as the Issuer and the relevant Dealer may<br />

agree (as set out in the relevant Final Terms).<br />

Equity Linked Redemption Instruments<br />

Payments in respect of principal on Equity Linked Redemption Instruments will<br />

be calculated by reference to a single equity security or a basket of equity<br />

securities or such formula and on such terms as the Issuer and the relevant<br />

Dealer may agree (as set out in the relevant Final Terms). The Issuer shall<br />

redeem each nominal amount of the Equity Linked Redemption Instruments<br />

equal to the lowest denomination of such Instruments set out in the relevant<br />

Final Terms by payment of the redemption amount set out in the relevant Final<br />

Terms. Equity Linked Redemption Instruments may also provide that<br />

redemption will be by physical delivery of a given number of underlying<br />

reference item(s).<br />

If "Potential Adjustment Events" and/or "De-listing" and/or "Merger Event"<br />

and/or "Nationalisation" and/or "Insolvency" and/or "Tender Offer" are<br />

specified as applying in the relevant Final Terms, the Equity Linked<br />

Redemption Instruments will be subject to adjustment or may be redeemed in<br />

20

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