New Issue: Deutsche Bank prices $12.87 million capped knock-out notes linked to S&P 500 via JPMorgan

By Angela McDaniels

Tacoma, Wash., Feb. 23 - Deutsche Bank AG, London Branch priced $12.87 million of 0% capped knock-out notes due March 10, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index falls below the knock-out level - 70.7% of the initial level - during the life of the notes, the payout at maturity will be par plus the index return, subject to a maximum return of 7.5%. Investors will be exposed to any decline.

If the index remains at or above the knock-out level throughout the life of the notes, the payout will be par plus 7.5%.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped knock-out notes
Underlying index:	S&P 500
Amount:	$12,865,000
Maturity:	March 10, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 7.5% if index remains at or above knock-out level throughout live of notes; otherwise, par plus index return, which could be positive or negative, subject to cap of 7.5%
Initial index level:	1,109.17
Knock-out level:	784.18, 70.7% of initial level
Pricing date:	Feb. 19
Settlement date:	Feb. 24
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1%
Cusip:	515A02Q5

© 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.