By Susanna Moon
Chicago, Oct. 1 - Deutsche Bank AG, London Branch priced $2.62 million of 0% target performance securities due Oct. 21, 2011 based on the performance of a basket of equally weighted currencies relative to the euro, according to an FWP filing with the Securities and Exchange Commission.
The underlying currencies are the Indian rupee, Indonesian rupiah and Singapore dollar.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
If the basket gains by up to the 10% target performance amount, the payout at maturity will be par plus any gain. If the basket gains by more than 10% but up to 20%, the payout will be par plus any gain minus the amount exceeding 10%. And if the index returns more than 20%, the payout will be par.
Investors will receive par if the basket falls by up to 7% against the euro and will lose 1.0753% for every 1% decline beyond 7%.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Target performance securities
|
| Underlying currencies: | Indian rupee, the Indonesian rupiah and the Singapore dollar, equally weighted
|
| Amount: | $2,622,000
|
| Maturity: | Oct. 21, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain if basket gains by up to the 10%; par plus any gain minus amount over 10% if basket gains by more than 10% but up to 20%; par for returns more than 20%; 1.0753% loss per 1% drop beyond 7%
|
| Initial levels: | 61.1071 for rupee, 12,150.02705 for rupiah and 1.79035 for Singapore dollar
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 4
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A07F4
|
© 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.
