Published on 6/17/2008 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $25.76 million buffered return enhanced notes linked to Asian indexes
By Angela McDaniels
Tacoma, Wash., June 17 - Deutsche Bank AG, London Branch priced $25.76 million of 0% buffered return enhanced notes due July 2, 2009 linked to a basket of indexes 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 FTSE/Xinhua China 25 index with a 28% weight, the Korea Stock Price Index 200 with a 26.5% weight, the MSCI Taiwan index with a 21% weight, the Amex Hong Kong 30 index with a 16.5% weight and the MSCI Singapore index with an 8% weight.
The payout at maturity will be par plus double any basket gain, subject to a maximum return of 20.1%. Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered return enhanced notes
|
| Underlying indexes: | FTSE/Xinhua China 25 (28% weight), Korea Stock Price 200 (26.5% weight), MSCI Taiwan (21% weight), Amex Hong Kong 30 (16.5% weight) and MSCI Singapore (8% weight)
|
| Amount: | $25,757,000
|
| Maturity: | July 2, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any basket gain, capped at 20.1% maximum return; par if basket falls by up to 10%; 1.1111% loss for every 1% basket decline beyond 10%
|
| Initial index levels: | 19,857.11 for FTSE/Xinhua; 1,165.48 for Amex Hong Kong; 222.79 for Kospi; 364.52 for MSCI Singapore; 313.29 for MSCI Taiwan
|
| Final index levels: | For each index, the average of its closing levels on the five trading days ending June 26, 2009
|
| Pricing date: | June 13
|
| Settlement date: | June 18
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 1%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
