OREANDA-NEWS. On April 09, 2008 AB DnB NORD Bankas, a member of international DnB NORD financial group, started placement of its new 3-year guaranteed-yield notes, their returns linked to changes of equity prices in US, Japan, China and Europe, reported the press-centre of AB DnB NORD Bankas.

The index portfolio of the DnB NORD Bankas notes‘ consists of China Hang Seng, US S&P 500, Europe‘s Dow Jones EURO STOXX 50 and Japan‘s Nikkei 225 indices 25 percent each, therefore the value of the index is less susceptible to the performance of a single sector or economic trends in a single region.

AB DnB NORD Bankas has set a 100 percent participation rate for the new notes. The rate defines what percentage of the calculated equity index gain is to be received by the holder of the securities.

Since the equity markets may rise or fall, AB DnB NORD Bankas also extends guarantee that at the maturity the notes’ holder will be repaid the principle with no less than 16 percent gain shall the indexes comprising the portfolio do not fall more than 40 percent below the initial index value during the validity period of the notes. Shall that be the case, the guaranteed-yield would amount to 3 percent.

The notes shall mature on 20 May of 2011. They can be sold prior to maturity at market price. The yield-guarantee applies to the notes at the maturity.

Customers will be offered to purchase the new notes in all AB DnB NORD Bankas outlets until 15 May.  During the allotment period a discount will be applied to the price of notes, which will decrease as the maturity date gets closer. The minimum investment amount has been set at LTL 5000.

AB DnB NORD Bankas is part of DnB NORD banking group which was established by the Norway’s largest bank DnB NOR and North Germany’s largest bank NORD/LB. DnB NORD Bankas has three subsidiaries in Lithuania: asset management firm UAB DnB NORD Investiciju Valdymas, leasing arm UAB DnB NORD Lizingas and real estate brokerage UAB DnB NORD Bustas.