Published on 8/10/2010 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $2.18 million capped knock-out notes on S&P 500
By Marisa Wong
Madison, Wis., Aug. 10 - Deutsche Bank AG, London Branch priced $2.18 million of 0% capped knock-out notes due Aug. 29, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index falls below 75% of the initial index level during the life of the notes, the payout at maturity will be par plus the index return, which could be positive or negative.
Otherwise, the payout will be par plus the greater of the index return and 4.5%.
In either case, the payout is subject to a maximum return of 20%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Capped knock-out notes
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Underlying index: | S&P 500
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Amount: | $2,182,000
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Maturity: | Aug. 29, 2011
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | If index falls below 75% of initial index level during life of notes, par plus index return; otherwise, par plus greater of index return and 4.5%; in both cases, return capped at 20%
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Initial index level: | 1,121.64
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Pricing date: | Aug. 6
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Settlement date: | Aug. 11
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Underwriter: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
Fees: | 1%
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Cusip: | 2515A06C2
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