Published on 11/15/2011 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $1.18 million capped knock-out notes on 15 stocks
By Toni Weeks
San Diego, Nov. 15 - Deutsche Bank AG, London Branch priced $1.18 million of 0% capped knock-out notes due Nov. 28, 2012 linked to an equally weighted basket of 15 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying stocks are Apple Inc., Broadcom Corp., priceline.com Inc., EMC Corp., Intel Corp., Linear Technology Corp., Marvell Technology Group Ltd., NetApp, Inc., Qualcomm Inc., Riverbed Technology, Inc., SanDisk Corp., Google Inc., International Business Machines Corp., Oracle Corp. and Symantec Corp.
A knock-out event occurs if the basket falls by more than 20% from the initial level on the final valuation day.
If a knock-out event does not occur, the payout at maturity is par plus any gain in the basket, subject to a contingent minimum return of 2.5% and a maximum return of 20%.
If a knock-out event occurs, the payout at maturity will be par plus the basket return, with full exposure to losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch.
|
| Issue: | Capped knock-out notes
|
| Underlying stocks: | Apple Inc., Broadcom Corp., priceline.com Inc., EMC Corp., Intel Corp., Linear Technology Corp., Marvell Technology Group Ltd., NetApp, Inc., Qualcomm Inc., Riverbed Technology, Inc., SanDisk Corp., Google Inc., International Business Machines Corp., Oracle Corp. and Symantec Corp.
|
| Amount: | $1.18 million
|
| Maturity: | Nov. 28, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket falls by more than 20% from initial level on Nov. 23, 2012, the final valuation date, par plus basket return; otherwise, par plus any basket gain, subject to minimum return of 2.5% and maximum return of 20%
|
| Initial basket level: | 100
|
| Knock-out buffer: | 20% of initial level
|
| Pricing date: | Nov. 11
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| Settlement date: | Nov. 16
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1EJ6
|
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