Published on 11/15/2010 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $12.75 million buffered return enhanced notes tied to S&P MidCap 400
By Angela McDaniels
Tacoma, Wash., Nov. 15 - Deutsche Bank AG, London Branch priced $12.75 million of 0% buffered return enhanced notes due Dec. 1, 2011 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the index, subject to a maximum return of 13.5%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $12,753,000
|
| Maturity: | Dec. 1, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, up to maximum return of 13.5%; par if index declines by 10% or less; 1.1111% loss for every 1% decline beyond 10%
|
| Initial index level: | 858.49
|
| Final index level: | Average of index's closing levels on the five trading days ending Nov. 28, 2011
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 16
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1BF7
|
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