Published on 7/22/2009 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1.53 million principal protection notes linked to indexes, ETFs
By Angela McDaniels
Tacoma, Wash., July 22 - Deutsche Bank, London Branch priced $1.53 million of zero-coupon 100% principal protection notes due July 23, 2015 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the S&P 500 index, the Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Excess Return, the iShares MSCI Emerging Markets index fund and the iShares Dow Jones U.S. Real Estate index fund.
The payout at maturity will be par plus 109% of any basket gain. Investors will receive at least par.
For each basket component, its final level will be the average of its closing levels on July 20 of each year during the life of the notes.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank, London Branch
|
| Issue: | 100% principal protection notes
|
| Underlying basket: | S&P 500 index, Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Excess Return, iShares MSCI Emerging Markets index fund and iShares Dow Jones U.S. Real Estate index fund; equally weighted
|
| Amount: | $1,527,000
|
| Maturity: | July 23, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 109% of any basket gain; floor of par
|
| Initial levels: | 951.13 for S&P 500; 440.3452 for Deutsche Bank Liquid Commodity; $34.77 for iShares MSCI Emerging Markets; $33.19 for iShares Dow Jones U.S. Real Estate
|
| Final levels: | For each basket component, the average of its closing levels on July 20 of 2010, 2011, 2012, 2013, 2014 and 2015
|
| Pricing date: | July 20
|
| Settlement date: | July 23
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | 3.75%
|
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