WestLB Offers Novel Retail Deal

WestLB has structured a FTSE 100-linked investment product with knockout options, and a GBP5,000 (USD9,187) minimum investment to make it attractive to retail investors.

  • 09 Sep 2005
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WestLB has structured a FTSE 100-linked investment product with knockout options, and a GBP5,000 (USD9,187) minimum investment to make it attractive to retail investors. So-called callable investment products, which mature early providing the underlying asset rises by a set amount, have been popular with private banking clients and with other asset classes, such as interest rates, but have not typically been marketed to retail.

Thorsten Wegener, head of equity market sales at the firm in London, said the product is attractive to retail clients because they tend to think short-term with their investments so the possible early maturity, along with full capital protection, should appeal. Structuring a FTSE tracker with knock-out options allows WestLB to pass on higher returns to investors and also pay more commission to independent financial advisors for distributing the product, he explained.

The product closes to new investment Oct. 21. If, after two years, the index has risen by 7% or more, the investor receives a coupon of 14%. If not, the product continues for a year, paying a 21% coupon if the index rises 10%, 28% after four years and a rise of 14%, or 35% after five years and growth of 17.5%. If the product continues to its six-year term, the investor's capital is returned with 100% of the index's growth over the period.

  • 09 Sep 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 244,235.70 910 8.87%
2 JPMorgan 223,767.95 1021 8.13%
3 Bank of America Merrill Lynch 211,276.97 750 7.68%
4 Barclays 166,062.82 634 6.03%
5 Goldman Sachs 162,877.27 537 5.92%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 HSBC 25,202.67 100 7.14%
2 Deutsche Bank 25,125.19 81 7.12%
3 Bank of America Merrill Lynch 21,836.07 58 6.18%
4 BNP Paribas 18,395.95 105 5.21%
5 Credit Agricole CIB 18,048.72 104 5.11%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%