By Angela McDaniels
Tacoma, Wash., July 29 - Deutsche Bank AG, London Branch priced $330,000 of 0% average-in return enhanced notes due Aug. 15, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level will be the average of the index's closing levels on the five trading days ending Aug. 2. The final index level will be the average of the index's closing levels on the five trading days ending Aug. 10, 2012.
If the final index level is greater than the initial index level, the payout maturity will be par plus double the index return, subject to a maximum return of 17.9%. If the final index level is less than the initial 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
|
| Issue: | Average-in return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $330,000
|
| Maturity: | Aug. 15, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, up to maximum return of 17.9%; full exposure to any index decline
|
| Initial index level: | Average of the index's closing levels on the five trading days ending Aug. 2
|
| Final index level: | Average of the index's closing levels on the five trading days ending Aug. 10, 2012
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 1
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1AK7
|
© 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.
