Published on 11/7/2008 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3 million capped BUyS linked to index basket
By Jennifer Chiou
New York, Nov. 7 - Deutsche Bank AG, London Branch priced $3 million of 0% capped Buffered Underlying Securities due Dec. 10, 2009 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with an 80% weight and the Russell 2000 index with a 20% weight.
The payout at maturity will be par plus 125% of any basket gain, subject to a maximum return of 17.2%. Investors will receive par if the basket declines by 20% or less and will lose 1.25% for each 1% that the basket declines beyond 20%.
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 indexes: | S&P 500 (80% weight), Russell 2000 (20% weight)
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Amount: | $3,009,000
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Maturity: | Dec. 10, 2009
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 125% of any basket gain, up to maximum return of 17.2%; par if basket declines by 20% or less; 1.25% loss for every 1% decline beyond 20%
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Initial index levels: | 952.77 for S&P 500; 514.64 for Russell 2000
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Pricing date: | Nov. 5
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Settlement date: | Nov. 10
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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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