We refer to Company announcement No. 14 of 27 August 2013. On 27 August, Danske Bank announced the preliminary Final Terms for the issue of EURO STOXX 50® Auto-Callable 2018. Unfortunately, there was an error in the information.
The announcement of the Final Terms contained the following description, in Part B, item 4:
"The notes are a complex financial product with potentially full down side risk if EURO STOXX 50® depreciates by more than 60% of the initial index value” and "If on the final observation date, the index has depreciated by more than 60% of the closing price on the initial valuation date, the knock-in put will be triggered and you will face full down side risk with a minimum redemption price of 0.00. In the worst case scenario you will lose your entire investment as well as the coupon."
The description should have read as follows:
"The notes are a complex financial product with potentially full down side risk if EURO STOXX 50® depreciates by more than 40% of the initial index value" and "If on the final observation date, the index has depreciated by more than 40% of the closing price on the initial valuation date, the knock-in put will be triggered and you will face full down side risk with a minimum redemption price of 0.00. In the worst case scenario you will lose your entire investment as well as the coupon.".
The company announcement of 27 August 2013 also stated that the subscription period would expire on 13 September. That is not correct either. The subscription period expires on 11 September, as stated in the Final Terms.
For further information about the issue, please see the Pro Forma Final Terms attached to this company announcement.
Danske Bank A/S
Contacts
Senior Vice President Peter Kjær Holm, tel. +45 45128485
Senior Executive Vice President Steen Blaafalk, tel. +45 45146360
Contacts
Senior Vice President Peter Kjær Holm, tel. +45 45128485
Senior Executive Vice President Steen Blaafalk, tel. +45 45146360