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Deutsche to price autocallable securities on S&P 500, Russell 2000
By Jennifer Chiou
New York, Sept. 28 - Deutsche Bank, AG London Branch plans to price 9.5% to 12.3% autocallable securities due Oct. 14, 2011 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
If each of the indexes closes at or above its initial index level on any of the call dates, the notes will be automatically called at par. The call dates are expected to be April 8, 2011, July 8, 2011 and Oct. 10, 2011.
A knock-out event will occur if either index falls to below 65% of the initial level.
If a knock-out event has not occurred, the payout at maturity will be par. If a knock-out event does occur, investors will be fully exposed to any decline in the worse-performing index.
The notes (Cusip: 2515A07H0) are expected to price on Oct. 8 and settle on Oct. 14.
Deutsche Bank Securities Inc. is the agent.
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