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 plans capped knock-out notes on S&P GSCI Crude Oil via JPM
By Marisa Wong
Madison, Wis., Jan. 4 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Jan. 13, 2012 linked the S&P GSCI Crude Oil Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.
If the index falls below the knock-out level - 80% of the initial level - at any time during the life of the notes, the payout at maturity will be par plus the index return, which could be positive or negative.
If the index remains at or above the knock-out level throughout the life of the notes, the payout will be par plus the greater of the index return and a contingent minimum return of 7.75%.
In either case, the payout is subject to a maximum return of 25%.
The notes (Cusip: 2515A12Q3) are expected to price on Jan. 7 and settle on Jan. 12.
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.