Published on 2/10/2011 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $1.8 million participation notes on funds, indexes
By Susanna Moon
Chicago, Feb. 10 - Deutsche Bank AG, London Branch priced $1.8 million of 0% participation securities due Feb. 15, 2012 based on a basket of two funds and three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 53% weight, iShares MSCI EAFE index fund with a 23% weight, S&P MidCap 400 index with a 8% weight, Russell 2000 index with a 8% weight and the iShares MSCI Emerging Markets index fund with a 8% weight.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 16.1%.
Investors will be exposed to any declines.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Participation securities
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Underlying basket: | S&P 500 index (53% weight), iShares MSCI EAFE index fund (23% weight), S&P MidCap 400 index (8% weight), Russell 2000 index (8% weight) and the iShares MSCI Emerging Markets index fund (8% weight)
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Amount: | $1.8 million
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Maturity: | Feb. 15, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any basket gain, capped at 16.1%; exposure to any losses
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Initial levels: | 1,324.57 for S&P 500, $61.38 for MSCI EAFE, 957.67 for S&P MidCap, 813.69 for Russell and $46.59 for MSCI Emerging Markets
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Pricing date: | Feb. 8
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Settlement date: | Feb. 11
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 0.75%
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Cusip: | 2515A13U3
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