Published on 10/18/2011 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $11.5 million 0% buffered return enhanced notes on Brent crude
By Toni Weeks
San Diego, Oct. 18 - Deutsche Bank AG, London Branch priced $11.5 million of 0% buffered return enhanced notes due Oct. 24, 2012 linked to Brent crude futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.74 times any gain in the price of Brent crude, up to a maximum return of 27.4%.
Investors will receive par if the price declines by up to 15% and will lose 1.17647% for every 1% decline beyond 15%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Buffered return enhanced notes
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Underlying component: | Brent crude futures contracts
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Amount: | $11,495,000
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Maturity: | Oct. 24, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.74 times any gain in the price, up to a maximum return of 27.4%; par if Brent crude price declines by up to 15%; 1.17647% loss for every 1% decline beyond 15%
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Initial price: | $114.68
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Pricing date: | Oct. 14
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Settlement date: | Oct. 19
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 2515A1DQ1
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