Published on 1/21/2011 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $10 million return enhanced notes on S&P 500 via JPMorgan
By Susanna Moon
Chicago, Jan. 21 - Deutsche Bank AG, London Branch priced $10 million of 0% return enhanced notes due Feb. 8, 2012 based on the performance of 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 gain in the index, up to a maximum return of 20.8%.
Investors will be exposed to any index decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $10 million
|
| Maturity: | Feb. 8, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 20.8%; exposure to any losses
|
| Initial index level: | 1,281.92
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 2515A13C3
|
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