Published on 10/29/2007 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.55 million absolute return barrier notes linked to Russell 2000
By Angela McDaniels
Seattle, Oct. 29 - Deutsche Bank AG, London Branch priced $3.55 million of zero-coupon 100% principal protection absolute return barrier notes due April 30, 2009 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never closes above the upper index barrier or below the lower index barrier during the life of the notes, the payout at maturity will be par plus the absolute value of the index return. If the index ever closes outside the index barriers, the payout will be par.
The upper and lower index barriers are 26.5% above and below the initial index level, respectively.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | 100% principal protection absolute return barrier notes
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Underlying index: | Russell 2000
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Amount: | $3,553,000
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Maturity: | April 30, 2009
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index never closes outside the index barriers, par plus absolute value of the index return; otherwise, par
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Initial index level: | 806.11
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Upper index barrier: | 1,019.72, 126.5% of initial level
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Lower index barrier: | 592.49, 73.5% of initial level
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Pricing date: | Oct. 25
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Settlement date: | Oct. 30
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 1.75%
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