Published on 4/12/2011 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $37.19 million return enhanced notes on S&P 500 via JPMorgan
By Susanna Moon
Chicago, April 12 - Deutsche Bank AG, London Branch priced $37.19 million of 0% return enhanced notes due April 25, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 17.3%.
Investors will be exposed to any index decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $37,188,000
|
| Maturity: | April 25, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 17.3%; exposure to any losses
|
| Initial index level: | 1,328.17
|
| Pricing date: | April 8
|
| Settlement date: | April 13
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A15R8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
