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Deutsche to price knock-out notes due 2013 linked to S&P 500 index
By Jennifer Chiou
New York, Nov. 1 - Deutsche Bank AG, London Branch plans to price 0% knock-out notes due May 13, 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the final index level is less than 75.3% of the initial index level, investors will be fully exposed to the index's decline from its initial level. Otherwise, the payout will be par plus the index return, subject to a minimum payout of par.
The notes (Cusip: 2515A1E80) are expected to price on Nov. 4 and settle on Nov. 9.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
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