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Deutsche Bank plans capped knock-out notes linked to Brent crude oil
By Angela McDaniels
Tacoma, Wash., July 9 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due July 19, 2013 linked to Brent crude oil futures contracts, according to an FWP filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
A knock-out event occurs if the final price of Brent crude has decreased from the initial price by more than the knock-out buffer amount, which is expected to be 25%.
If a knock-out event does not occur, the payout at maturity will be par plus the contingent return, which is expected to be at least 11.02%. If a knock-out event occurs, investors will be fully exposed to the decline.
The exact knock-out buffer amount and contingent return will be set at pricing.
The notes are expected to price July 13 and settle July 18.
The Cusip number is 2515A1KV2.
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