By Angela McDaniels
Tacoma, Wash., Sept. 13 - Deutsche Bank AG, London Branch priced $875,000 of 0% capped knock-out notes due Sept. 19, 2012 linked to Brent crude futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the final futures contract price is less than 80% of the initial price.
If a knock-out event has not occurred, the payout at maturity will be par plus 260% of the commodity return, subject to a minimum payout of par and a maximum return of 26%.
If a knock-out event has occurred, investors will be exposed to the decline in the futures contract price from the initial price.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped knock-out notes
|
| Underlying commodity: | Brent crude futures contracts
|
| Amount: | $875,000
|
| Maturity: | Sept. 19, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final futures contract price is less than 80% of initial price, full exposure to decline from initial price; otherwise, par plus 260% of commodity return, subject to minimum payout of par and maximum return of 26%
|
| Initial contract price: | $112.77
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 14
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1CV1
|
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