Published on 1/10/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $665,000 knock-out notes linked to 15 stocks
By Marisa Wong
Madison, Wis., Jan. 10 - Deutsche Bank AG, London Branch priced $665,000 of 0% knock-out notes due July 15, 2013 linked to an equally weighted basket of 15 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying assets are the stocks of Pfizer Inc., Deere & Co., PepsiCo, Inc., YUM! Brands, Inc., Apple Inc., Google Inc. and Philip Morris International Inc. and the American Depositary Shares of Unilever plc, Total SA, BP plc, Siemens AG, Vodafone Group plc, Anheuser-Busch InBev SA/NV, HSBC Holdings plc and BHP Billiton Ltd.
A knock-out event occurs if the basket falls by more than 20.3% 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 3%.
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: | Knock-out notes
|
| Underlying assets: | Stocks of Pfizer Inc. (PFE), Deere & Co. (DE), PepsiCo, Inc. (PEP), YUM! Brands, Inc. (YUM), Apple Inc. (AAPL), Google Inc. (GOOG) and Philip Morris International Inc. (PM) and the American Depositary Shares of Unilever plc (UL), Total SA (TOT), BP plc (BP), Siemens AG (SI), Vodafone Group plc (VOD), Anheuser-Busch InBev SA/NV (BUD), HSBC Holdings plc (HBC) and BHP Billiton Ltd. (BHP)
|
| Amount: | $665,000
|
| Maturity: | July 15, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket falls by more than 20.3% from initial level on final valuation date, par plus basket return; otherwise, par plus any basket gain, subject to minimum return of 3%
|
| Initial basket level: | 100
|
| Knock-out buffer: | 20.3% of initial level
|
| Initial share prices: | $21.57 for Pfizer; $82.30 for Deere; $65.39 for PepsiCo; $59.85 for YUM!; $422.40 for Apple; $650.02 for Google; $77.08 for Philip Morris; $32.56 for Unilever; $50.75 for Total; $44.08 for BP; $96.65 for Siemens; $27.85 for Vodafone; $58.92 for Anheuser-Busch; $38.31 for HSBC; $72.45 for BHP
|
| Pricing date: | Jan. 6
|
| Settlement date: | Jan. 11
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 2515A1G39
|
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