Published on 12/28/2011 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $5.01 million return enhanced notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 27 - Deutsche Bank AG, London Branch priced $5.01 million of 0% return enhanced notes due Jan. 9, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 25%. If the final index level is less than the initial index level, investors will be fully exposed to the decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Return enhanced notes
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Underlying index: | S&P 500
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Amount: | $5,008,000
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Maturity: | Jan. 9, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus 200% of index return, subject to maximum return of 25%; if final index level is less than initial index level, full exposure to decline
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Initial index level: | 1,254.00
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Final index level: | Average of index's closing levels on Dec. 28, 2012, Dec. 31, 2012, Jan. 2, 2013, Jan. 3, 2013 and Jan. 4, 2013
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 2515A1FV8
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