Published on 7/13/2010 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $1.69 million capped BUyS linked to S&P 500, S&P MidCap 400
By Susanna Moon
Chicago, July 13 - Deutsche Bank AG, London Branch priced $1.69 million of 0% capped Buffered Underlying Securities due March 14, 2012 based on a basket of two equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the S&P 500 and the S&P MidCap 400.
The payout at maturity will be par plus 1.1 times any basket gain, up to a maximum return of 23.1%.
Investors will receive par if the basket falls by up to 11% and will lose 1% for each 1% decline beyond 11%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped Buffered Underlying Securities
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Underlying index: | S&P 500 and S&P MidCap 400, equally weighted
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Amount: | $1,694,000
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Maturity: | March 14, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 110% of any basket gain, capped at 23.1%; 1% loss per 1% drop beyond 11%
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Initial index levels: | 1,077.96 for S&P 500 and 739.89 for S&P MidCap 400
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Pricing date: | July 9
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Settlement date: | July 14
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 0.5%
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Cusip: | 2515A05K5
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