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Deutsche Bank plans capped knock-out notes on S&P 500 via JPMorgan
By Jennifer Chiou
New York, Oct. 4 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Oct. 24, 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
A knock-out event occurs if the final index level falls by more than 20% from the initial level.
If a knock-out event does not occur, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 10%.
If a knock-out event occurs, the payout at maturity will be par plus the index return.
In either case, the return is capped at 20%.
The notes (Cusip: 2515A1DH1) are expected to price on Oct. 7 and settle on Oct. 13.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will be the dealers.
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