By Susanna Moon
Chicago, Jan. 7 - Deutsche Bank AG, London Branch priced $4.2 million of 0% capped knock-out notes due Jan. 11, 2012 based on the performance of the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ever closes below the knock-out level - 80% of the initial level - during the life of the notes, the payout at maturity will be par plus the index return, with exposure to any losses.
Otherwise, the payout will be par plus any index gain, with a contingent minimum return of 7.75%.
In any case, the maximum return on the notes will be 25%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped knock-out notes
|
| Underlying index: | S&P GSCI Crude Oil Index Excess Return
|
| Amount: | $4.2 million
|
| Maturity: | Jan. 11, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls by more than 20%, par plus index return with exposure to losses; otherwise, par plus greater of index return and 7.75%; in both cases, return capped at 25%
|
| Initial index level: | 546.233
|
| Knock-out level: | 436.9864, or 80% of initial level
|
| Pricing date: | Jan. 5
|
| Settlement date: | Jan. 10
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A12S9
|
© 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.
