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Deutsche Bank plans capped knock-out notes tied to Apple via JPMorgan
By Susanna Moon
Chicago, July 17 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Aug. 7, 2013 linked to Apple Inc. shares, according to a 424B2 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 Apple stock finishes below the 80% trigger level.
If a knock-out event does not occur, the payout at maturity will be par plus the contingent minimum return of 10% and any stock gain up to a maximum return of 21.3%.
If a knock-out event occurs, the payout will be par plus the stock return, with full exposure to the losses.
The notes will price on July 20 and settle on July 25.
The Cusip number is 2515A1 L2 5.
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