Структурированные продукты от "Норд-Капитал" 30.12.2013

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  • 1. .: +7 (495) 544 41 87; : +7 (495) 544 41 88123317, . , , .10, , 38 e-mail: nc@ncapital.ru www.ncapital.ru

2. - - 2 3 4 6 7 8 SanDisk8 Priceline10 AUD/USD12 Starbucks14 US Bancorp16 Marriott International18 Home Depot20 EUR/USD22 24. 27 31 3. 30.12.2013 NordStructuredProducts@ncapital.ru 4. - - 4 , . , , (, .), , (), / 5. - - 5 , ( ) , , , 6. - - 6 , (, , , ..) , , , . 7. - - 7 SanDisk (NASDAQ: SNDK) - -, . 17.6%, (adjusted EPS) 96.55%. , , 64%, , , . (P/E) SanDisk 46% (17.73 33.09), . 4- . , - Bloomberg, SanDisk 22%, EPS 140%. , 3 . SNDK , 1.65, . 8. - - SANDISK SanDisk8 9. - - 9 SANDISK 6 > 0% , + * ( - , ), 30% 12 12 90%90-100%:0% -10%-5%0%5%10%15%-10%20% -20%25% :SanDisk (NASDAQ: SNDK): 0.5 10% . :20% : : > 0% , + * ( - , ), 22 2014 :125% 125% SanDisk : 95% :0%:0%: / -1 : : 95% 125% 95% , 10. - - PRICELINE PCLN10 11. - - 11 PRICELINE 6 30% 12 12 90%90-100% : : :Priceline (NYSE: PCLN): . :0.5 : > 0%, + * ( - , ), 22 201420%10%0% -10%-5%0%5%10%15%-10%-20%20%25% :140% 140% Priceline : 95% :0%:0%: / -1 :: , 95% 140% , 95% , 12. - - AUD/USD AUD/USD12 13. - - 13 AUD/USD 30% 6 12 12 90%90-100% : : : AUD/USD, (CME: ADH4): . :0.5 : > 0%, + * ( - , ), 07 201420%10%0% -10%-5%0%5%10%15%-10%-20%20%25% :180% 180% AUD/USD : 95%:0%:0%: / -1 : , 95% 180% : , 14. - - STARBUCKS Starbucks14 15. - - 15 STARBUCKS 30% 6 : > 0%, + * ( - , ), 12 12 90%90-100% :0% -10%-5%0%5%10%-10%-20%25%: 0.5 20%Starbucks (NYSE: SBUX). :15% :10% :20%22 2014 :145% 145% Starbucks : 95% :0%:0%: / -1 :: , 95% 145% , 95% , 16. - - US BANCORP US Bancorp16 17. - - 17 US BANCORP 30% 6 : > 0%, + * ( - , ), 12 12 90%90-100%20% : 10%: :US Bancorp (NYSE: USB): . :0.5 22 20140% -10%-5%0%5%10%15%-10%-20% 20%25% :270% 270% US Bancorp : 95% :0%:0%: / -1 :: , 95% 270% , 95% , 18. - - MARRIOTT INTERNATIONAL Marriott International18 19. - - 19 MARRIOTT INTERNATIONAL 6 12 12 90%90-100% : :Marriott International (NASDAQ: MAR): . : : > 0%, + * ( - , ), :30%0.5 18 201420%10%0%-10%-5%0%5%10%15%20%-10%-20% 25% :200% 200% Marriott International : 95% :0%:0%: / -1 :: , 95% 200% , 95% , 20. - - HOME DEPOT Home Depot20 21. - - 21 HOME DEPOT 6 30% : > 0%, + * ( - , ), 12 12 90%90-100% :0%-10%-5%0%5%10%-10%-20%25%: 0.5 20%Home Depot (NYSE: HD). :15% :10% :20%18 2014 :200% 200% Home Depot : 95% :0%:0%: / -1 :: , 95% 200% , 95% , 22. - - EUR/USD EUR/USD22 23. - - 23 EUR/USD 30% 6 : > 0%, + * ( - , ), 12 12 90%90-100% : :0%-10%-5%0%5%10%15%-10%-20% 20%25% EUR/USD, (: ECH4): . :10% :20%0.5 18 2014 :200% 200% EUR/USD : 98% :0%:0%:(( / -1)^2)^(1/2) :: , 98% 200% , 98% , 24. 25. - - 25 : 100% : 95% : 90% : 40-60% : 80-140% : 150-230%: : : : USD/: USD/: USD/ : , - NYMEX, CMEGroup. , sp500. , . Bloomberg WTICL1 CMDTY. , GOLDS , , W 1, C 1, S 1 CMDTY , , SB 1, KC1, CC1 CMDTY sp500SPX Index 26.12.2013 26. - - 26 .. 100%31%31. 95%402%32. 90%773%33 S&P500100%33%35 S&P50095%222%36 S&P50090%410%37 26.12.2013 27. : 28. - - 28 100% . 40% BloombergGCG4 COMDTY30% 20% 10% 0%:- :GCG4 COMDTY :100%:USD :500 000 $ :21 2014 :31%:0.00%-30%-20%-10%-10%0%10%20%30%40%-20% -30% : >=0, + * ( - ) , . , , 100% 31% , 0.00%. 100% . 26.12.2013 29. - - 29 95% Bloomberg. GCG4 COMDTY140% 120% 100% 80% 60%: :GCG4 COMDTY :95%:USD :500 000 $ :21 2014 :402%:0.00%40%-20% -30%-20%0% -10% -20% 0%10%20%30%40%-40% : >=0, + * ( - ) , . , , 95% 402% , 0.00%. 95% . 26.12.2013 30. - - 30 90% . 300% BloombergGCG4 COMDTY250% 200% 150%: :GCG4 COMDTY :90%:USD :500 000 $ :21 2014 :773%:0.00%100%-50% 0% -30%-20%-10%-50%0%10%20%30%40% : >=0, + * ( - ) , . , , 90% 773% , 0.00%. 90% . 26.12.2013 31. : S&P500 32. - - 32 S&P500 100% Bloomberg S&P50040% ESH4 Index30% 20% 10% 0%:- :ESH4 Index :100%-20%:USD-30% :500 000 $ :14 2014 :33%:0.00%-30%-20%-10%-10%0%10%20%30%40% : >=0, + * ( - ) , . , , 100% 33% , 0.00%. 100% . 26.12.2013 33. - - 33 S&P500 95% Bloomberg S&P50080% ESH4 Index60% 40% 20%:- :ESH4 Index :500 000 $ :14 2014-10%USD :-20%95%:0% -30% :222%:0.00%-20%0%10%20%30%40%-40% : >=0, + * ( - ) , . , , 95% 222% , 0.00%. 95% . 26.12.2013 34. - - 34 S&P500 90% Bloomberg S&P500140% 120%ESH4 Index100% 80% 60%: :ESH4 Index :90%:USD :500 000 $ :14 201440%- :410%:0.00%20% -30%-20%0% -10% -20% 0%10%20%30%40%-40% : >=0, + * ( - ) , . , , 90% 410% , 0.00%. 90% . 26.12.2013 35. - - , : , , (, ) CDS/FTD ( , ), , - , , termsheet. : . , , - , , . . ( , . ..) , . 36. NORD CAPITAL FINANCIAL SERVICES, Bermuda (Nord Capital AG), ( ) / - , , , , , . , . , . / , - , . , , , , , , , , , , , . . , . , , , , . (i) , , (ii) , , , 19(5) 2000 ( ) 2005 ; (iii) , , , 49 (2) 2000 . ( ) 2005. , , ( , (ii) (iii) , . , , , . , , , . , , , . , . / , , , , . , , , , . , , , , / , , , , , , , , . , - . - .

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