Published on 4/5/2010 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $1 million contingent return buffered securities on currency basket
By Jennifer Chiou
New York, April 5 - Deutsche Bank AG, London Branch priced $1 million of 0% contingent return buffered securities due April 10, 2012 linked to a basket of equally weighted currencies relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
The underlying currencies are the Korean won, Indonesian rupiah and Singapore dollar.
If the basket gains, the payout at maturity will be par plus the greater of the basket gain and a contingent return of 17%.
Investors will receive par if the basket falls by up to 5% and will lose 1.0526% for every 1% decline beyond the buffer.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Contingent return buffered securities
|
| Underlying currencies: | Korean won, Indonesian rupiah and Singapore dollar, equally weighted | against euro
|
| Amount: | $1,007,000
|
| Maturity: | April 10, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the greater of any basket gain and the contingent minimum return of 17%; 1.0526% loss for every 1% decline beyond 5%
|
| Initial spot rates: | 1,524.7286 for won; 12,289.343 for rupiah; 1.8916 for Singapore dollar
|
| Pricing date: | April 1
|
| Settlement date: | April 7
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 2515A0Z48
|
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