Published on 8/5/2008 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $12.44 million notes linked to buffered return enhanced indexes via JPMorgan
By Susanna Moon
Chicago, Aug. 5 - Deutsche Bank AG, London Branch priced $12.44 million of 0% notes due Aug. 20, 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 consists of 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.
Payout at maturity will be par plus the basket return, which will equal the sum of the weighted returns for the basket indexes.
If an index finishes above its initial level, its return will be double the gain, capped at a maximum return. If an index falls by 10% or less, its return will be zero. If an index falls by more than 10%, its return will be 0% minus 1.1111% for each 1% decline beyond 10%.
The maximum return is 14.8% for the Euro Stoxx, 14.2% for the FTSE 100 and 16.56% for the Topix. Based on the maximum returns for each index, the maximum payout at maturity is $1,150.02 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: | $12,436,000
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| Maturity: | Aug. 20, 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 14.8% for Euro Stoxx, 14.2% for FTSE and 16.56% for Topix; if the index declines by 10% or less, zero; if the index declines by more than 10%, 0% minus 1.1111% for each 1% decline beyond 10%
|
| Initial index levels: | 3,316.61 for Euro Stoxx; 5,354.70 for FTSE; 1,272.93 for Topix
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| Final index levels: | For each index, the average of its closing levels on the five trading days ending Aug. 17, 2009
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| Pricing date: | Aug. 1
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| Settlement date: | Aug. 6
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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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