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World Bank Issues USD S&P 500® Equity Linked Bonds

Washington, DC, November 10, 2004 - The World Bank launched USD denominated bonds linked to the performance of the S&P 500® Index. The bonds were placed with US investors, who would like to participate in the upside of the performance of the equity index and want principal protection and a minimum return. The bonds have an annual coupon of 1.15% and at maturity, investors receive 100% of the principal and a supplemental payment linked to the average annual return of the S&P 500® Index as described in the terms of the notes

Deutsche Bank was the sole underwriter for the bonds.

Amount: USD 10,405,000
Settlement date: November 26, 2004
Maturity date: November 26, 2011
Coupon: 1.15%
Minimum Redemption Amount: 100%
Redemption Amount: 100% plus a supplemental payment calculated based on the average performance of the S&P 500® Index on annual fixing dates as described in the terms of the notes
Denomination: USD 1,000
Clearing system: DTC
ISIN Code: US459056HJ94

The World Bank's bond products and investor presentation can be accessed through the website of the World Bank for bond investors (www.worldbank.org/debtsecurities). For a list of selected bonds issued recently by the World Bank, see: recent issues page

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