Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Deutsche Bank AG, London Branch > News item |
Deutsche to sell buffered return notes on currencies via JPMorgan
By Susanna Moon
Chicago, March 2 - Deutsche Bank AG, London Branch plans to price 0% buffered return enhanced notes due March 18, 2011 based on the performance of a long currency basket relative to a short currency basket, according to an FWP with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
The long basket contains equal weights of the Brazilian real, Turkish lira and Indonesian rupiah, and the short basket contains equal weights of the dollar and Japanese yen.
The long/short return will be the return of the long basket minus the return of the short basket.
The payout at maturity will be par plus at least 2.85 times any positive long/short return, up to a maximum return of at least 28.5%. The exact payout terms will be set at pricing.
Investors will receive par if the long/short return shows a decline of up to 10% and will lose 1.1111% for each 1% decline beyond the buffer.
The notes are expected to price on March 5 and settle on March 10.
© 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.