By Susanna Moon
Chicago, April 12 - Deutsche Bank AG, London Branch priced $14.53 million knock-out notes due April 25, 2012 linked to Rio Tinto plc American Depositary Shares, according to a 424B2 filing 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 Rio Tinto shares fall by more than 25% during the life of the notes.
If a knock-out event has occurred, the payout at maturity will be par plus the share return, which could be positive or negative.
If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the share return and the 11% contingent minimum return.
In either case, the maximum return on the notes will be 30%.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Knock-out notes
|
| Underlying shares: | Rio Tinto plc (NYSE: RIO)
|
| Amount: | $14,526,000
|
| Maturity: | April 25, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If Rio Tinto shares fall below the trigger, par plus return with exposure to losses; otherwise, par plus greater of return and 11%; in both cases, return capped at 30%
|
| Initial level: | $73.93
|
| Knock-out level: | $55.448, or 75% of initial level
|
| Pricing date: | April 8
|
| Settlement date: | April 13
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A15S6
|
© 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.
