As a result of the Credit Event announced to the ASX on 19th August 2009, the Income Factor used to calculate the interest payable on Nexus4 Topaz Notes will reduce from its current level of 6.4396 to zero. Because the Income Factor has now reduced to zero, no further interest is payable on the Nexus4 Topaz Notes
Nexus4 Notes (Nexus4 Topaz Notes) (NXBHD) Summary
Nexus4 Notes [Matured]
| Key Features |
Nexus4 Topaz Notes are designed to deliver the following key features:
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|---|---|
| Rating | A "AA-" p.N.R.i rating by Standard & Poor's*, which represents a "AA-" rating on the repayment at maturity of principal invested and no rating on the repayment of interest. |
| Term | 10 years. Nexus4 Topaz Notes may be redeemed early or repaid late in certain circumstances as set out in the Prospectus. |
| Maturity Date | 23 June 2015 |
| Issue Price | $100 per Nexus4 Topaz Note |
| Issue Size | $79 million |
| Fees | Investors do not pay application, management or exit fees to Nexus. |
| ASX Listing | 29 June 2005 |
| ASX Code | NXBHD |
| Prospectus | View prospectus |
Nexus4 Topaz Notes are classified as unsecured notes for the purposes of Section 283BH of the Corporations Act 2001.
Nexus4 Topaz Notes are subject to investment risk. The key risks include: a reduction in the interest payable on Nexus4 Topaz Notes, the portfolio is not managed by the Portfolio Manager in a manner that preserves the Income Factor, and the credit risk of Deutsche Bank, which may affect amounts payable on Nexus4 Topaz Notes. Investors are also reliant on Deutsche Bank calculating the Trading Gains and Trading Losses, which impact the Income Factor, and the Floating Credit Margin in a manner consistent with customary practices and procedures in international credit markets. These and other key risks are set out in the Prospectus.
The repayment of the principal amount of Nexus4 Topaz Notes (Principal Amount) on the Maturity Date (10 years after the Issue Date) is capital guaranteed by Deutsche Bank. If there is an early redemption, Investors may receive less than their original investment amount. Deutsche Bank's guarantee does not apply if Nexus4 Topaz Notes are redeemed early. The payment of interest and the performance of Nexus, each as described in the Prospectus, are not guaranteed by Deutsche Bank nor any related parties or associates of Deutsche Bank. Neither Deutsche Bank nor any of its related parties or associates makes any representation or gives any guarantee or assurance as to the performance of Nexus (other than the guarantee of repayment of the Principal Amount on the Maturity Date), the payment of interest on Nexus4 Topaz Notes or any particular rate of overall return.
* The rating assigned to Nexus4 Topaz Notes is not a recommendation to buy, hold or sell Nexus4 Topaz Notes in as much as it does not comment as to market price or suitability for a particular investor. Any rating may be changed, suspended or withdrawn at any time by as a result of changes in, or unavailability of information, or based on other circumstances.