By Angela McDaniels
Tacoma, Wash., May 4 – Deutsche Bank AG, London Branch priced $2.42 million of 0% Strategic Accelerated Redemption Securities due April 27, 2018 linked to the worst performing of the American Depositary Receipts of Credit Suisse Group AG and Banco Santander, SA, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call premium of 25.01% per year if each ADS closes at or above its initial ADS price on any annual call observation date.
If the notes are not called, the payout at maturity will be par minus 1% for every 1% that the worst-performing ADS finishes below its initial ADS price.
BofA Merrill Lynch is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Strategic Accelerated Redemption Securities
|
| Underlying ADSs: | Credit Suisse Group AG (NYSE: CS) and Banco Santander, SA (NYSE: SAN)
|
| Amount: | $2,416,000
|
| Maturity: | April 27, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par minus 1% for every 1% that worst-performing ADS finishes below initial ADS price
|
| Call: | At par plus call premium of 25.01% per year if each ADS closes at or above initial ADS price on any annual call observation date
|
| Initial ADS prices: | $25.77 for Credit Suisse and $7.52 for Banco Santander
|
| Pricing date: | April 30
|
| Settlement date: | May 7
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 25156D571
|
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