Published on 3/19/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $770,000 return enhanced notes on General Electric
By Susanna Moon
Chicago, March 19 - Deutsche Bank AG, London Branch priced $770,000 of 0% return enhanced notes due April 2, 2014 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in General Electric shares, up to a maximum return of 27%.
Investors will be exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Return enhanced notes
|
| Underlying stock: | General Electric Co. (NYSE: GE)
|
| Amount: | $770,000
|
| Maturity: | April 2, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any stock gain, capped at 27%; exposure to any losses
|
| Initial price: | $23.44
|
| Pricing date: | March 15
|
| Settlement date: | March 20
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 25152RCC5
|
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