Published on 5/19/2011 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $3.54 million review notes tied to Russell 2000
By Marisa Wong
Madison, Wis., May 19 - Deutsche Bank AG, London Branch priced $3.54 million of 0% review notes due April 11, 2012 linked to the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be automatically called if the index is at or above the initial level on Nov. 17 or April 5, 2012.
The redemption amount will be par plus 6.1% if the notes are called on Nov. 17 and par plus 12.2% if called on April 5, 2012.
If the notes are not called, the payout at maturity will be par if the final index level is at least 75% of the initial level. If the final level is below 75% of the initial level, investors will lose 1% for every 1% decline from the initial level.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Review notes
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Underlying index: | Russell 2000
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Amount: | $3,535,000
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Maturity: | April 11, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par if final index level is at least 75% of initial level; if final level is below trigger level, 1% loss for every 1% decline from initial level
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Call: | At par plus 6.1% if index closes at or above initial level on Nov. 17, at par plus 12.2% if index closes at or above initial level on April 5, 2012
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Initial index level: | 820.36
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Trigger level: | 615.27, 75% of initial level
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Pricing date: | May 17
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Settlement date: | May 20
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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: | 2515A16V8
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