By Marisa Wong
Madison, Wis., June 21 - Deutsche Bank AG, London Branch priced $5.08 million of 0% buffered barrier rebate securities due June 20, 2013 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund share price closes above the upper barrier - 150% of the initial share price - on any day during the life of the notes, the payout at maturity will be par plus a rebate of 13% as long the final fund share price is at least 85% of the initial price. If the final share price falls beyond the buffer, investors will still receive the 13% rebate but will also lose 1.17647% for every 1% decline beyond the buffer.
If the fund share price does not cross the upper barrier during the life of the notes, the payout at maturity will be:
• Par plus 1.2 times any fund gain;
• Par if the fund falls by 15% or less; or
• Par minus 1.17647% for every 1% drop beyond 15%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered barrier rebate securities
|
| Underlying fund: | iShares MSCI Emerging Markets index fund
|
| Amount: | $5,078,000
|
| Maturity: | June 20, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund crosses upper barrier, par plus 13%, subject to 1.17647% loss for every 1% decline beyond 15%; if fund never crosses upper barrier, par plus 1.2 times any fund gain, par if fund falls by 15% or less or par minus 1.17647% for every 1% drop beyond 15%
|
| Initial price: | $45.79
|
| Upper barrier: | $68.685, 150% of initial price
|
| Pricing date: | June 17
|
| Settlement date: | June 22
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 1%
|
| Cusip: | 2515A18A2
|
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