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Deutsche Bank plans capped knock-out notes linked to Asian indexes
By Susanna Moon
Chicago, June 27 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Dec. 26, 2013 linked to a basket of five indexes and their related currencies, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the Kospi 200 index with 25% weight, Hang Seng index with 25% weight, Hang Seng China Enterprises index with 21% weight, MSCI Taiwan index with 20% weight and MSCI Singapore index with 9% weight. The respective currencies are the Korean won, Hong Kong dollar, Taiwan dollar and Singapore dollar.
A knock-out event occurs if the basket finishes below the 78% trigger level.
If a knock-out event does not occur, the payout will be par plus the basket gain, with a contingent minimum return of par.
If a knock-out event occurs, the payout at maturity will be par plus the basket return with exposure to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
The notes will price on June 29 and settle on July 5.
The Cusip number is 2515A1KQ3.
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