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Term Sheet - PDF by RickiePBibey

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Structured Products
+41 (0)58 888 8181

Term Sheet
6-month 7.60% Julius Baer Junior ICE Units with Knock-In on Holcim Ltd.
Terms Issuer Lead Manager Rating Underlying Currency Nominal Amount Issue Price Reference Price Strike Price Bank Julius Baer & Co. Ltd., Guernsey Branch Bank Julius Baer & Co. Ltd., Zurich Moody's Aa3 Holcim Ltd. registered share (HOLN VX Equity) CHF CHF 5'000 100.00% CHF 62.90 CHF 62.90 (100.00%)* CHF 37.74 (60.00%)*
56 100 144

09.01.2009

122

78

SVSP Product Name
Barrier reverse convertibles (340)

Knock-In-Barrier
*in % of Reference Price

Coupon p.a. Maximum Yield

15.20% 7.60%

34 Jan 07

Mai 07

Sep 07

Jan 08

Mai 08

Sep 08

Underlying

Break-even

Knock-In

Strike

Coupon Dates Fixing Date Payment Date Maturity Date Redemption Date 09.01.2009 16.01.2009 09.07.2009 16.07.2009 16.04.2009 16.07.2009 CHF 190.00 CHF 190.00

Julius Baer Junior ICE Units with Knock-In
30%

Pay-off-Chart on the Maturity Date

This strategy targets investors searching for a yield oriented investment and expecting a neutral or slightly positive price development of the Underlying. Julius Baer Junior ICE (Income, Cash or Equity) Units ("Unit(s)") with Knock-In combine a fixed income investment and a Knock-In option. The Coupon to be paid consists of both an interest and a capital gain component.

20% 10%

0% 28 -10% -20% 37 46 55 64 73 82 91

-30%

Holcim Ltd.

Julius Baer ICE Unit

Knock-In Barrier

Redemption The Coupon will be paid on the Coupon Dates, regardless of the performance of the Underlying. In addition, the following redemption scenarios will apply on the Redemption Date: Scenario 1 (Redemption Nominal Amount) Should the Underlying never trade at or below the Knock-In-Barrier during the Knock-In-Period, each Unit will be redeemed at 100 % of the Nominal Amount regardless of the Closing Price of the Underlying on the Maturity Date.

Scenario 2 (Physical Delivery/Cash Payment) Should the Underlying ever trade at or below the Knock-In-Barrier during the Knock-In-Period and should the Closing Price of the Underlying be below the Strike Price on the Maturity Date, the investor will receive for each Unit the defined Number of Underlyings. Any embedded fractions will be settled in cash (based on the Closing Price).

Scenario 3 (Redemption Nominal Amount) Should the Underlying ever trade at or below the Knock-In-Barrier during the Knock-In-Period and should the Closing Price of the Underlying be at or above the Strike Price on the Maturity Date, each Unit will be redeemed at 100 % of the Nominal Amount.
Please read the important legal information on the second page of this term sheet.

Risk The yield of the Unit depends on the performance of the Underlying. On delivery of the Underlying (Scenario 2), the risk of making a loss corresponds to the difference between the Strike Price and the Closing Price of the Underlying on the Maturity Date multiplied by the defined Number of Underlyings per Unit. The Closing Price of the Underlying may be considerably lower than the Strike Price. A total loss is possible if the Closing Price of the Underlying has a value of zero on the Maturity Date. The coupon will be paid in any event. Investors whose reference currency is not CHF should be aware of their possible currency risk. Sales Restrictions US, US Persons, EEA, UK, Hong Kong, Singapore Price Information The prices will be published on Reuters and Bloomberg. Trading hours 09.15 a.m. - 05.15 p.m. (Zurich time).

Structured Products
+41 (0)58 888 8181

09.01.2009

General Terms Knock-In-Period Listing / SecondaryTrading Number of Underlyings Minimum Trading Size Coupon Daycount Option Style Issue Size Clearing Security Code / ISIN / Symbol Governing Law / Jurisdiction Title From Fixing Date/Time (including) to Maturity Date (including) Will be applied on the SIX Swiss Exchange / Reuters JBSTP (Price without accrued interests / clean price) 79.4913 per Unit 1 Unit (Nom. CHF 5'000) in CHF 30/360 (unadjusted, modified following) European CHF 20'000'000 (can be increased at any time) SIS (SegaInterSettle AG) 4.962.095 / CH0049620955 / JKHOG Swiss Law / Zurich 1, Switzerland Book-entry Security. No certificate. No printing of individual or Permanent Global Certificate.

Reuters / Bloomberg
JBSTP / JBSTP

Internet
http://derivatives.juliusbaer.com

Taxation Stamp duties No stamp duty at issuance. No federal turnover tax on secondary market transactions. But in case of delivery of the Underlying federal turnover tax is levied based on the Strike Price. No Swiss withholding tax. The Coupon consists of an interest payment (0.70% p.a.) and a premium payment (14.50% p.a.). For private investors (individuals) with tax residence in Switzerland the interest payment is subject to income tax.The premium part of the coupon qualifies for capital gain and is therefore for such investors not subject to income tax. All other investors are asked to consult their tax advisors about the tax implications. For Swiss paying agents, the interest part of the Coupon is subject to the EU Savings tax. (TK 6)

Withholding tax Income tax

EU Savings tax

The aforementioned taxes are valid at the time of launch of this issue. The relevant tax laws or regulations of the tax authorities may change at any time.

Information Information about our structured products: http://derivatives.juliusbaer.com Structured Products E-Mail +41 (0)58 888 8181 derivatives@juliusbaer.com

The Issuer, Bank Julius Baer & Co Ltd, Guernsey Branch (a branch office of Bank Julius Baer & Co Ltd, Zurich, incorporated in Switzerland), is licensed in Guernsey under the Banking Supervision (Bailiwick of Guernsey) Law 1994 and The Protection of Investors (Bailiwick of Guernsey) Law 1987. Consent under the Control of Borrowing (Bailiwick of Guernsey) Ordinances has been obtained for the Issue. Neither the Guernsey Financial Services Commission nor the States of Guernsey Policy Council takes any responsibility for the financial soundness of the Issue or for the correctness of any of the statements made or opinions expressed with regard to it. This term sheet does not constitute an offer to sell or a solicitation of an offer to purchase any securities. It is unlawful to advertise, sell or offer these securities in the United States of America or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation. This term sheet should neither be construed as an offer or recommendation or solicitation for sale, purchase or engagement in any other transaction for securities to any person to whom it is unlawful to make such offer or solicitation. This term sheet is for information purposes only. This product does not represent a participation in a collective investment scheme and consequently is not subject to the supervision of the Swiss Federal Banking Commission (SFBC). Investors are therefore not protected by the Swiss Collective Investments Act (CIA). This means investors are exposed to issuer risk. Trading in structured products implies substantial risks and past performance is not necessarily indicative for future results. This information is not intended to replace the investors’ own independent legal, financial, suitability and tax advice that investors should always obtain. Investors must read the Programme Documentation, the Pricing Supplement and the relevant legal documentation. Complete terms of the structured product, the Programme Documentation and the Pricing Supplement may be obtained at +41 (0)58 888 8181 (Structured Products Team). Investors must be aware that conversations on trading lines are recorded. No objection is assumed. The English version of this term sheet is a translation of the original German term sheet. In case of inconsistencies, the German version shall prevail.


								
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