Deutsche Bank plans to price autocallable index knock-out notes linked to Russell 2000 index

By Angela McDaniels

Tacoma, Wash., Aug. 18 - Deutsche Bank AG, London Branch plans to price 0% autocallable index knock-out notes due June 1, 2010 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

If the index closes at or above 110% of its initial level on any review date, the notes will be automatically called at 110% of par. The review dates are the first business day of each week.

If the notes are not called and the index falls to or below the knock-out level - 18.25% below the initial level - during the life of the notes, the payout at maturity will be par plus the index return.

If the notes are not called and the index remains above the knock-out level, the payout will be par plus the greater of the index return and 2%.

The notes are expected to price Aug. 19 and settle Aug. 24.

© 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.