Deutsche Bank to price capped knock-out notes linked to Vale

By Angela McDaniels

Tacoma, Wash., Sept. 7 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Sept. 26, 2012 linked to the American Depositary Shares of Vale SA, according to an FWP filing with the Securities and Exchange Commission.

If the final stock price is at least 73.4% of the initial share price, the payout at maturity will be par plus the stock return, subject to a minimum return of 10% and a maximum return of 20%. Otherwise, investors will be fully exposed to the share price's decline.

The notes (Cusip: 2515A1CX7) are expected to price Sept. 9 and settle Sept. 14.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

© 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.