Published on 4/29/2008 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $480,000 leveraged securities linked to Consumer Price Index
By Laura Lutz
Des Moines, April 29 - Deutsche Bank AG, London Branch priced $480,000 of 0% inflation-linked leveraged securities due April 30, 2010 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index return is at least 4%, the payout at maturity will be $650,000 for each $10,000 principal amount of notes plus any amount by which the final index return exceeds 4%.
Otherwise, the payout will be zero and holders will lose their entire investments.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the underwriters.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Inflation-liked leveraged securities
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Underlying index: | Consumer Price Index
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Amount: | $480,000
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Maturity: | April 30, 2010
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Coupon: | 0%
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Price: | Par of $10,000
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Payout at maturity: | If final index return is at least 4%, $650,000 for each $10,000 principal amount of notes plus any amount by which final index return exceeds 4%; otherwise, zero
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Initial level: | 211.08
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Pricing date: | April 25
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Settlement date: | April 30
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Underwriters: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
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Fees: | 2.5%
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