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Deutsche Bank plans capped knock-out notes linked to palladium
By Jennifer Chiou
New York, April 4 - Deutsche Bank AG, London Branch plans to price capped knock-out notes due April 18, 2012 linked to the price of palladium, according to an FWP with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will be the agents.
A knock-out event occurs if palladium has declined by more than 20% on the valuation date.
If a knock-out event has occurred, the payout at maturity will be par plus the commodity return.
If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the commodity return and the 7.5% contingent minimum return.
The maximum return will be at least 20% and will be set at pricing.
The notes (Cusip: 2515A15Q0) are expected to price on April 8 and settle April 13.
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