Published on 12/21/2010 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $14.32 million buffered return enhanced notes on S&P 500 via JPMorgan
By Jennifer Chiou
New York, Dec. 21 - Deutsche Bank AG, London Branch priced $14.32 million of 0% buffered return enhanced notes due Jan. 6, 2012 linked to the S&P 500 index via JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the index, subject to a maximum return of 10.64%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Buffered return enhanced notes
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Underlying index: | S&P 500
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Amount: | $14.32 million
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Maturity: | Jan. 6, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, up to maximum return of 10.64%; par if index declines by 10% or less; 1.1111% loss for every 1% decline beyond 10%
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Initial index level: | 1,243.91
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Pricing date: | Dec. 17
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Settlement date: | Dec. 22
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 2515A12F7
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