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Deutsche Bank plans 0% parachute securities linked to index basket
By E. Janene Geiss
Philadelphia, May 18 - Deutsche Bank AG, London Branch plans to price 0% parachute securities due May 29, 2009 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, the Euro Stoxx 50 with a 30% weight and the Nikkei 225 with a 30% weight.
The notes are expected to price May 25 and settle May 31.
The payout at maturity will be the return on the basket plus a participation rate of 100%. If the basket declines by 13.5% or less, payout will be par. If the basket declines by more than 13.5%, investors will receive the par times the final basket level divided by the protection level of 86.5%.
Deutsche Bank Securities and Deutsche Bank Trust Co. Americas will be the underwriters.
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