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Deutsche Bank plans knock-out notes on Technology SPDR via JPMorgan
By Susanna Moon
Chicago, Feb. 8 - Deutsche Bank AG, London Branch plans to price 0% knock-out notes due Aug. 19, 2013 linked to the Technology Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the fund falls by more than 25% during the life of the notes.
If a knock-out event does not occur, the payout at maturity is par plus the greater of the fund return and the contingent minimum return of zero.
If a knock-out event occurs, the payout at maturity is par plus the fund return, with exposure to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The notes will price on Feb. 10 and settle on Feb. 15.
The Cusip number is 2515A1GW5.
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