Published on 2/19/2010 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $1.16 million capped BUyS linked to equity basket
By Susanna Moon
Chicago, Feb. 19 - Deutsche Bank AG, London Branch priced $1.16 million of 0% capped Buffered Underlying Securities due Feb. 22, 2012 based on a basket of four equally weighted indexes and index funds, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying components are the S&P 500 index, the Russell 2000 index, the iShares MSCI EAFE index fund and the iShares MSCI Emerging Markets index fund.
The payout at maturity will be par plus 1.3 times any gain in the basket, up to a maximum return of 27.04%.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped Buffered Underlying Securities
|
| Underlying basket: | S&P 500 index, Russell 2000 index, iShares MSCI EAFE index fund and iShares MSCI Emerging Markets index fund, equally weighted
|
| Amount: | $1,157,000
|
| Maturity: | Feb. 22, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 130% of any basket gain, capped at 27.04%; par if the basket falls by 10% or less; 1% loss for every 1% drop beyond 10%
|
| Initial levels: | 1,099.51 for S&P; 624.83 for Russell, 52.97 for MSCI EAFE and 39.57 for MSCI Emerging Markets
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 22
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 1.3%
|
| Cusip: | 2515A02J1
|
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