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Deutsche Bank plans capped knock-out notes on S&P 500 via JPMorgan
By Toni Weeks
San Diego, March 27 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due April 17, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls by more than 20% from the initial level during the life of the notes.
If a knock-out event does not occur, the payout at maturity is par plus the greater of the index return and the contingent minimum return of 4.05%.
If a knock-out event occurs, the payout at maturity is par plus the index return.
In either case, the maximum return is 15%.
The notes (Cusip: 2515A1HV6) are expected to price March 30 and settle April 4.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will act as agents.
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