Published on 7/12/2010 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $65.5 million return enhanced notes linked to S&P 500 via JPM
By Jennifer Chiou
New York, July 12 - Deutsche Bank AG, London Branch priced $65.5 million of 0% return enhanced notes due Oct. 14, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 9.9%. Investors will share in any losses.
JPMorgan Chase Bank, NA and JPMorgan Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Return enhanced notes
|
| Underlying stock: | S&P 500
|
| Amount: | $65.5 million
|
| Maturity: | Oct. 14, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 9.9%; investors share in losses
|
| Initial price: | 1,070.25
|
| Pricing date: | July 8
|
| Settlement date: | July 13
|
| Agents: | JPMorgan Chase Bank, NA and JPMorgan Securities Inc.
|
| Fees: | 0.25%
|
| Cusip: | 2515A0V75
|
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