Published on 3/27/2008 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $4.24 million absolute return notes linked to S&P 500
By Jennifer Chiou
New York, March 27 - Deutsche Bank AG, London Branch priced $4.24 million of zero-coupon 100% principal protection absolute return barrier M-notes due Sept. 28, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes above its initial level by more than 23% or below its initial level by more than 15% at any time during the life of the notes, the payout at maturity will be par. Otherwise, the payout will be par plus the absolute value of the index return.
Deutsche Bank Securities Inc. is the underwriter.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | 100% principal protection absolute return barrier M-notes
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Underlying index: | S&P 500
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Amount: | $4,236,000
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Maturity: | Sept. 28, 2009
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par if index ever closes above initial level by more than 23% or below initial level by more than 15%; otherwise, par plus absolute value of index return
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Initial index level: | 1,352.99
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Lower index barrier: | 1,150.04, 85% of initial level
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Upper index barrier: | 1,664.18, 123% of initial level
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Pricing date: | March 25
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Settlement date: | March 28
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Underwriter: | Deutsche Bank Securities Inc.
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Fees: | None
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