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Deutsche plans capped knock-out notes tied to DJ-UBS Crude Oil 3 Month
By Angela McDaniels
Tacoma, Wash., Jan. 20 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Feb. 1, 2012 linked the Dow Jones - UBS Crude Oil 3 Month Forward Subindex, according to an FWP 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 at least 7.75%.
In either case, the payout is subject to a maximum return of at least 12.5%.
The exact minimum and maximum returns will be set at pricing.
The notes (Cusip: 2515A13E9) are expected to price Jan. 21 and settle Jan. 26.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
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