Published on 8/28/2008 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $2 million absolute return barrier notes linked to S&P 500
By Susanna Moon
Chicago, Aug. 28 -Deutsche Bank AG, London Branch priced $2 million of zero-coupon 100% principal protection absolute return barrier M-notes due April 29, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never closes above the upper barrier or below the lower barrier, the payout at maturity will be par plus the absolute value of the index return, with a minimum return of 1.5%.
The upper barrier will be 20.5% above the initial index level, and the lower barrier will be 15% below the initial level.
Investors will receive at least par.
Deutsche Bank Securities and Deutsche Bank Trust Co. Americas will be the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | 100% principal protection absolute return barrier M-notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,019,000
|
| Maturity: | April 29, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index stays within barrier range, par plus absolute value of index return, floor of 1.5%; otherwise, par
|
| Initial index level: | 1,271.51
|
| Upper index barrier: | 1,532.17, or 20.5% above initial level
|
| Lower index barrier: | 1,080.78, or 15% below initial level
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 29
|
| Agents: | Deutsche Bank Securities and Deutsche Bank Trust Co. Americas
|
| Fees: | 1.5%
|
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