Deutsche Bank debuts Hong Kong equity-linked note

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Deutsche Bank has launched its first equity-linked note (ELN) for the retail market in Hong Kong. The Palladium Securities HK Series 1 is 100% principal-protected at maturity and is linked to the spread performance of Hang Seng China Enterprises Index (HSCEI) over Standard & Poor's 500 Index (S&P 500).

The closing levels of each index are observed every two months, and the spread performance on an observation date will be the difference between the percentage changes in each of the two indexe

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