Published on 12/24/2008 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $2.96 million capped BUyS linked to Russell 2000
By E. Janene Geiss
Philadelphia, Dec. 24 - Deutsche Bank AG, London Branch priced $2.96 million of 0% Capped Buffered Underlying Securities due June 29, 2010 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 40%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped Buffered Underlying Securities
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Underlying index: | Russell 2000
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Amount: | $2,958,000 million
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Maturity: | June 29, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, up to maximum return of 40%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial index level: | 475.07
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Pricing date: | Dec. 22
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Settlement date: | Dec. 29
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Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
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Fees: | None
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