Published on 6/27/2008 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $9 million absolute return barrier notes linked to S&P 500
By E. Janene Geiss
Philadelphia, June 27 - Deutsche Bank AG, London Branch priced $9 million of zero-coupon 100% principal protection absolute return barrier notes due Dec. 30, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never closes above its upper barrier or below its lower barrier during the life of the notes, at maturity investors will receive par of $10 plus the greater of the absolute value of the index return or the minimum payment of 1.5%. The upside barrier is 120.1% of the initial index level. The downside barrier is 85% of the initial level.
If the index closes either above the upside barrier or below the downside barrier, investors will receive par multiplied by 1.5%.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | 100% principal protection absolute return barrier notes
|
| Underlying index: | S&P 500
|
| Amount: | $9,006,000
|
| Maturity: | Dec. 30, 2009
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index never closes above or below the barrier levels, par plus the greater of the absolute value of index return or a minimum payment of 1.5% of par; If the index closes above the upper barrier or below the lower barrier, par multiplied by 1.5%
|
| Initial index level: | 1,321.97
|
| Upper index barrier: | 1,587.69, 120.1% of initial index level
|
| Lower index barrier: | 1,123.67, 85% of initial index level
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
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