Deutsche Bank plans buffered return enhanced notes on Asian indexes

By Jennifer Chiou

New York, Oct. 12 - Deutsche Bank AG, London Branch plans to price 0% buffered return enhanced notes due Nov. 2, 2011 linked to a basket of indexes and their related currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Hang Seng China Enterprises index with a 33% weight, the Kospi 200 index with a 24% weight, the MSCI Taiwan index with a 21% weight, the Hang Seng index with a 14% weight and the MSCI Singapore index with an 8% weight.

To determine the return for each index, the issuer will multiply its final return by the final return of the applicable currency - the Hong Kong dollar for the Hang Seng and Hang Seng China Enterprises, the Korean won for the Kospi, the Taiwan dollar for the MSCI Taiwan and the Singapore dollar for the MSCI Singapore - relative to the U.S. dollar. The final return of each index or currency will be its final level divided by its initial level.

The payout at maturity will be par plus at least 200% of any basket gain, subject to a maximum return of at least 15.52%. Investors will receive par if the basket falls by 10% or less and will lose 1.1111% for every 1% decline beyond 10%.

The exact upside leverage factor and maximum return will be set at pricing.

The notes (Cusip: 2515A1AP6) are expected to price on Oct. 15 and settle on Oct. 20.

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

© 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.