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NSE Circular No: 332 (02-Jul-09) Three Non-convertible Redeemable Debentures of Deutsche Investments India Private Limited

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Security Description

Deutsche Investments Nifty Linked RESET 2011 (Series–GE0048)

Sec Type

DC

Security

DIPL11S

Issue

RESET

Date of Allotment

23-Apr-2009

Date of Redemption

25-Apr-2011

ISIN

INE144H07549

Issue Size (Rs. in lakhs)

757

Face Value/Nominal Amount of each Debenture (in Rs.)

1,00,000/-

Issue Price of each Debenture (in Rs.)

99,000/-

Rating

‘AA+r/Stable’ from CRISIL vide letter dated 06-Jan-2009

Index

S&P CNX Nifty Index

Initial Reference Valuation Date

23-Apr-2009

Final Reference Valuation Date

23-Feb-2011

Initial Valuation Level

As on April 23, 2009 nifty closing is 3423.70

Participation Factor (‘PF’)

40%

Initial Reference Level

The Reference Level of the Underlying on the Initial Reference Valuation Date

Final Reference Level

The Reference Level of the Underlying on the Final Reference Valuation Date

Memory Knock-out Event

A Memory Knock-out Event is deemed to have occurred on an Observation Date if the Calculation Agent determines that a Trigger Event in respect of each Underlying has occurred on or prior to such Observation Date(for the avoidance of doubt, there is no requirement that the Trigger Event for each Underlying occurs on the same observation date.)

Trigger Event :

A Trigger Event is deemed to have occurred on an Observation Date in respect of an Underlying if the Calculation Agent determines that the Reference Level of such Underlying of that Observation Date is at or above its Knockout Level on such day

Knock-Out Level:

In respect to each underlying, 105% of the Initial Reference level

Observation Dates

The scheduled Observation Dates (subject to adjustment) are set out below:

I

Observation Date (i)

1

23-Apr-10

2

24-May-10

3

23-Jun-10

4

23-Jul-10

5

23-Aug-10

6

23-Sep-10

7

25-Oct-10

8

23-Nov-10

9

23-Dec-10

10

24-Jan-11

11

23-Feb-11

Observation Date

Memory Knock-out Event Redemption Amount

1st Observation Date

Nominal Amount*[119]%

2nd Observation Date

Nominal Amount*[120.58]%

3rd Observation Date

Nominal Amount*[122.17]%

4th Observation Date

Nominal Amount*[123.75]%

5th Observation Date

Nominal Amount*[125.33]%

6th Observation Date

Nominal Amount*[126.92]%

7th Observation Date

Nominal Amount*[128.50]%

8th Observation Date

Nominal Amount*[130.08]%

9th Observation Date

Nominal Amount*[131.67]%

10th Observation Date

Nominal Amount*[133.25]%

11th Observation Date

Nominal Amount*[134.83]%

Type of underlying

Name of Underlying

Sponsor or Issuer of Underlying

Reuters Code

Reference Source

Share

Larsen & Toubro Ltd

Larsen & Toubro Ltd

LART.NS

National Stock Exchange of India Ltd

Share

Reliance Industries Ltd

Reliance Industries Ltd

RELI.NS

National Stock Exchange of India Ltd

Share

Tata Consultancy Services Limited

Tata Consultancy Services Limited

TCS.NS

National Stock Exchange of India Ltd

Share

HDFC Bank Ltd

HDFC Bank Ltd

HDBK.NS

National Stock Exchange of India Ltd

Share

State Bank of India

State Bank of India

SBI.NS

National Stock Exchange of India Ltd

Share

Infosys Technologies Ltd

Infosys Technologies Ltd

INFY.NS

National Stock Exchange of India Ltd

Security Description

Deutsche Investments Nifty Linked RESET 2011 (Series–GE0049)

Sec Type

DC

Security

DIPL11T

Issue

RESET

Date of Allotment

29-Apr-2009

Date of Redemption

31-Jan-2011

ISIN

INE144H07564

Issue Size (Rs. in lakhs)

194

Face Value/Nominal Amount of each Debenture (in Rs.)

1,00,000/-

Issue Price of each Debenture (in Rs.)

99,000/-

Rating

‘AA+r/Stable’ from CRISIL vide letter dated 06-Jan-2009

Index

S&P CNX Nifty Index

Initial Reference Valuation Date

29-Apr-2009

Final Reference Valuation Date

28-Oct- 2010

Maturity Date

3 Months follow the Final Reference Valuation Date (scheduled to be January 31, 2011 or, if such day is not a Payment Day, the next following Payment Day.

Tenor

21 Months

Participation Factor(“PF”)

75%

Minimum Coupon (“MinCpn”)

12%

Rebate

16%

Initial Reference Level

The Reference Level of the Underlying on the Initial Reference Valuation Date

Upper Barrier Level

140% of the Initial Reference Level

Lower Barrier Level

70% of the Initial Reference Level

Initial valuation level

As on April 29, 2009 Nifty closing is 3473.95

Call Payout:

PF x Max(0,Underlying Return-1)

Put Payout

PF x Max(0,1-Underlying Return)

Contingent Level

60% of Initial Reference Level

Settlement

Cash Settlement

Settlement Currency

INR

Redemption at Maturity

Each Series Debenture will be redeemed on the Maturity Date at the Redemption Cash Amount

Maturity Amount

Each Series Debenture will be redeemed on the Maturity Date as follows-

(i) If the reference level of the Underlying on the Final Reference Valuation Date is at or below the Contingent Level:

(100% x Nominal Amount)

(ii) If the Reference Level of the Underlying on the Final Reference Valuation Date is above the Contingent Level :

(100%*Nominal Amount) + (Coupon Rate*Nominal Amount)

Where Coupon Rate is :

(A) if either Barrier Event 1 or Barrier Event 2 has occurred at least once on or prior to the Final Reference Valuation Date

Rebate

(B) if neither Barrier Event 1 nor 2 has occurred by the Final Reference Valuation Date

Max(Min Cpn,Call Payout, Put Payout)

The Redemption cash amount will be rounded to the nearest two decimal places in the Settlement Currency, 0.005 being rounded downwards

Underlying Return

Initial Valuation Level

Means the Initial Reference Level

Final Valuation Level

Means the arithmetic mean of the Final Index Performance as determined by the Calculation Agent:

Where:

Final Index Performance : The Reference Level of the Underlying on each Observation Date (t) (where t = 1, 2and 3)

Reference Level

In respect of any day, an amount (which shall be deemed to be a monetary value in INR) equal to the official closing level of the Underlying quoted by the Reference Source on such day, as determined by the Calculation Agent.

Barrier Event 1

A Barrier Event 1 is deemed to have occurred on any Barrier Observation Date (i) if the Reference Level of the Underlying on such Barrier Observation Date is at or above the upper barrier level

Barrier Event 2

A Barrier Event 2 is deemed to have occurred on any Barrier Observation Date (i) if the Reference Level of the Underlying on such Barrier Observation Date is at or below the Lower Barrier Level, as determined by the Calculation Agent

Barrier Observation Dates

The Barrier Observation Dates (subject to adjustment) are set out below:

i

Barrier Observation Date (i)

1

29-May-09

2

29-Jun-09

3

29-Jul-09

4

31-Aug-09

5

29-Sep-09

6

29-Oct-09

7

30-Nov-09

8

29-Dec-09

9

29-Jan-10

10

26-Feb-10

11

29-Mar-10

12

28-Apr-10

13

28-May-10

14

28-Jun-10

15

28-Jul-10

16

30-Aug-10

17

28-Sep-10

18

28-Oct-10

t

Observation Date (t)

1

30-Aug-10

2

28-Sep-10

3

28-Oct-10

Security Description

Deutsche Investments Nifty Linked RESET 2010 (Series–GE0052)

Sec Type

DC

Security

DIPL10N

Issue

RESET

Date of Allotment

23-Apr-2009

Date of Redemption

23-Jul-2010

ISIN

INE144H07556

Issue Size (Rs. in lakhs)

1548

Face Value/Nominal Amount of each Debenture (in Rs.)

1,00,000/-

Issue Price of each Debenture (in Rs.)

99,000/-

Rating

‘AA+r/Stable’ from CRISIL vide letter dated 06-Jan-2009

Index

S&P CNX Nifty Index

Initial Reference Valuation Date

23-Apr-2009

Final Reference Valuation Date

23-Jun-2010

Initial Reference Level

The Reference Level of the Underlying on the Initial Reference Valuation Date

Initial Valuation Level

As on April 23, 2009 Nifty closing is 3423.70

Maturity Date

One Months follow the Final Reference Valuation Date(scheduled to be July 23, 2010) or, if such day is not a Payment Day, the next following Payment Day.

Tenor

15 Months

Participation Factor(“PF”)

35%

Barrier Coupon

8.5%

Minimum Coupon (MinCpn)

8.5%

Strike

100% of the Initial Reference Level

Settlement

Cash Settlement

Settlement Currency

INR

Redemption at Maturity

Each Series Debenture will be redeemed on the Maturity Date at the Redemption Cash Amount

Maturity Amount

In respect of each Series Debenture, an amount determined by the Calculation Agent as follows:

(i)If the reference level of the Underlying on the Final Reference Valuation Date is at or below the Contingent Level:

(100%*Nominal Amount)

(ii)If the Reference Level of the Underlying on the Final Reference Valuation Date is above the Contingent Level :

Nominal Amount*(100%+Coupon Rate)

Where Coupon Rate is :

(A) If a Barrier Event has occurred on or prior to the Final Reference Valuation Date

Barrier Coupon

(B) If a Barrier Event has not occurred on or prior to the Final Reference Valuation Date

Minimum Coupon + (PF*Max[0,Underlying Return-Strike]

The Maturity amount will be rounded to the nearest two decimal places in the Settlement Currency, 0.005 being rounded downwards

Reference Level

In respect of any day, an amount equal to the official closing level of the Underlying quoted by the Reference Source on such day, as determined by the Calculation Agent;

Barrier Event

A Barrier Event 1 is deemed to have occurred on a Barrier Observation Date (i) if the Reference Level of the Underlying on such Barrier Observation Date (i) is at or above the Barrier Level

Initial Valuation Level

An amount determined by the Calculation Agent as follows:

Initial Reference Level

Initial Reference Level

The Reference Level of the underlying on the Initial Reference Valuation Date

Barrier Level

140% of Initial Reference Level

Contingent Level

65% of Initial Reference Level

Barrier Observation Dates

The Barrier Observation Dates (subject to adjustment) are set out below:

i

Barrier Observation Date (i)

1

25-May-09

2

23-Ju...

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