By Jennifer Chiou
New York, April 26 - Deutsche Bank AG, London Branch priced $5 million of 0% capped knock-out notes due May 15, 2013 linked to the common stock of Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the final share price is less than the initial share price by more than 20%.
If a knock-out event does not occur, the payout at maturity will be par plus the 17% fixed payment.
If a knock-out event occurs, the payout at maturity will be par plus the stock return, with full exposure to losses.
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 stock: | Citigroup Inc. (NYSE: C)
|
| Amount: | $5 million
|
| Maturity: | May 15, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is at least 80% of initial price, par plus 17% fixed payment; if price falls by more than 20%, par plus stock return with exposure to losses
|
| Initial price: | $33.47
|
| Knock-out level: | $26.78, 80% of initial price
|
| Pricing date: | April 24
|
| Settlement date: | April 27
|
| Dealers: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1JN2
|
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