Published on 9/27/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $412,000 capped BUyS tied to S&P 500, Russell 2000
By Marisa Wong
Madison, Wis., Sept. 27 - Deutsche Bank AG, London Branch priced $412,000 of 0% capped buffered underlying securities due Sept. 30, 2014 linked to an equally weighted basket of equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index and the Russell 2000 index.
The payout at maturity will be par plus double any basket gain, subject to a maximum return of 19%.
Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% decline beyond 10%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped buffered underlying securities
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $412,000
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Maturity: | Sept. 30, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any basket gain, capped at 19%; par if basket declines by 10% or less; 1% loss per 1% drop beyond 10%
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Initial levels: | 1,441.59 for S&P 500, 839.12 for Russell
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Pricing date: | Sept. 25
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Settlement date: | Sept. 28
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 2.5%
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Cusip: | 2515A1LK5
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