Published on 3/20/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $4.5 million 7.2% autocallable securities tied to S&P 500, Russell 2000
By Toni Weeks
San Diego, March 20 - Deutsche Bank AG, London Branch priced $4.5 million of 7.2% autocallable securities due March 21, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
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.
A knock-in event occurs if the final level of either index is below 65% of its initial level on the final valuation date.
If a knock-in event never occurs, the payout at maturity will be par.
If a knock-in event occurs, investors will receive par plus the return of the worst-performing index.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $4.5 million
|
| Maturity: | March 21, 2013
|
| Coupon: | 7.2% per year, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index falls below 65% of its initial level on March 18, 2013 final valuation date, in which case par plus return of worst-performing index
|
| Initial levels: | 1,404.17 for S&P, 830.18 for Russell
|
| Knock-in level: | 912.71 for S&P, 539.62 for Russell; 65% of initial levels
|
| Call option: | At par if both indexes close at or above their initial levels on June 18, Sept. 18, 2012, Dec. 18, 2012 or March 18, 2013
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1HN4
|
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