| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Deutsche Bank amends 7.3% autocallables tied to S&P 500, Russell 2000
By Angela McDaniels
Tacoma, Wash., Feb. 22 - Deutsche Bank AG, London Branch made a small change to the threshold level of the S&P 500 index for its $4 million issue of 7.3% autocallable securities due Feb. 14, 2013 linked to the S&P 500 and the Russell 2000 index, according to a 424B3 filing with the Securities and Exchange Commission.
The threshold level of the S&P 500 was changed to 805.58 from 802.38. For each index, the threshold level is 60% of its initial level.
As previously reported, interest is payable quarterly.
The notes will be called at par if both indexes close at or above their initial levels on any quarterly observation date.
If the notes are not called and either index finishes below its threshold level, the payout at maturity will be par plus the return of the worst-performing index. Otherwise, the payout will be par.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC were the placement agents.
The notes (Cusip: 2515A1GZ8) priced Feb. 10 and settled Feb. 15.
© 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.