Dansk Bank issues notes linked to a commodity index
Danske Bank has decided to issue notes linked to the DJ-UBS Commodity Index.
The notes are designated “DB Råvarer 2013 Basal” (ISIN DK0030240247).
The subscription period runs from April 12 to 29, 2010 (both days included).
The issuer may cancel the subscription before the expiry of the subscription
period.
The notes are denominated in Danish kroner and do not pay any coupon.
The notes will be issued at a price of 105 and will be redeemed at a price
reflecting the performance of the DJ-UBS Commodity Index. The notes will not be
redeemed at a price below 95 or a price higher than 135 at a cap of 35% of the
initial level of the DJ-UBS Commodity Index. The indicative cap is 35% and the
final cap will be fixed on May 6, 2010, at the latest, on the basis of market
conditions. The Applicable Final Terms will specify the final cap. If the cap
cannot be fixed at a value of at least 30%, the issue will be cancelled. If the
total subscription amount is lower than DKK 25,000,000.00, the issuer reserves
the right to cancel the issue.
The notes will be issued under Danske Bank's EUR 5,000,000,000 Structured Note
Programme dated March 31, 2010.
The notes will be issued on May 10, 2010, and will mature on May 13, 2013. The
notes will be registered with VP Securities A/S, and Danske Bank will file an
application for the notes to be listed on NASDAQ OMX Copenhagen A/S as of May
10, 2010.
For further information about this issue, we refer to the Preliminary Final
Terms published through GlobeNewswire on April 9, 2010.
