Published on 12/20/2011 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $1.22 million knock-out notes linked to 15 stocks
By Jennifer Chiou
New York, Dec. 20 - Deutsche Bank AG, London Branch priced $1.22 million of 0% knock-out notes due June 26, 2013 linked to an equally weighted basket of 15 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying assets are the stocks of Pfizer Inc., Deere & Co., PepsiCo, Inc., YUM! Brands, Inc., Apple Inc., Google Inc. and Philip Morris International Inc. and the American Depositary Shares of Unilever plc, Total SA, BP plc, Siemens AG, Vodafone Group plc, Anheuser-Busch InBev SA/NV, HSBC Holdings plc and BHP Billiton Ltd.
A knock-out event occurs if the basket falls by more than 21% from the initial level on the final valuation day.
If a knock-out event does not occur, the payout at maturity is par plus any gain in the basket, subject to a contingent minimum return of 3%.
If a knock-out event occurs, the payout at maturity will be par plus the basket return, with full exposure to losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch.
|
| Issue: | Knock-out notes
|
| Underlying assets: | Stocks of Pfizer Inc., Deere & Co., PepsiCo, Inc., YUM! Brands, Inc., Apple Inc., Google Inc. and Philip Morris International Inc. and the American Depositary Shares of Unilever plc, Total SA, BP plc, Siemens AG, Vodafone Group plc, Anheuser-Busch InBev SA/NV, HSBC Holdings plc and BHP Billiton Ltd.
|
| Amount: | $1,223,000
|
| Maturity: | June 26, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket falls by more than 21% from initial level on final valuation date, par plus basket return; otherwise, par plus any basket gain, subject to minimum return of 3%
|
| Initial basket level: | 100
|
| Knock-out buffer: | 79% of initial level
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 21
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 2515A1FF3
|
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