Published on 6/3/2008 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $15.04 million notes linked to buffered return enhanced indexes via JPMorgan
By Angela McDaniels
Tacoma, Wash., June 3 - Deutsche Bank AG, London Branch priced $15.04 million of 0% notes due June 22, 2009 linked to a weighted basket of three buffered return enhanced components via JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Dow Jones Euro Stoxx 50 index with a 55% weight, the FTSE 100 index with a 25% weight and the Topix index with a 20% weight.
The payout at maturity will be par plus the basket return, which will equal the sum of the weighted returns for the basket indexes.
If a basket index finishes above its initial level, its return will be double the gain, capped at a maximum return. If a basket index falls by 10% or less, its return will be zero. If a basket index falls by more than 10%, its return will be negative 1.1111% multiplied by the decline beyond 10%.
The maximum return is 14.2% for the Euro Stoxx 50, 12.2% for the FTSE 100 and 16.4% for the Topix. Based on the maximum returns for each index, the maximum payout at maturity is $1,141.40 per $1,000 principal amount of notes.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Notes linked to three buffered return enhanced components
|
| Underlying components: | Dow Jones Euro Stoxx 50 index (55% weight), FTSE 100 index (25% weight) and Topix index (20% weight)
|
| Amount: | $15,042,000
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| Maturity: | June 22, 2009
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus the sum of the three index returns
|
| Index returns: | If the index increases, two times the gain, capped at a maximum return of 14.2% for Euro Stoxx, 12.2% for FTSE 100 and 16.4% for Topix; if the index declines by 10% or less, zero; if the index declines by more than 10%, negative 1.1111% multiplied by the decline beyond 10%
|
| Initial index levels: | 3,777.85 for Euro Stoxx; 6,053.5 for FTSE 100; 1,408.14 for Topix
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| Final index levels: | For each index, the average of its closing levels on June 11, June 12, June 15, June 16 and June 17 of 2009
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| Pricing date: | May 30
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| Settlement date: | June 4
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| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
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| Fees: | 1%
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