By Toni Weeks
San Luis Obispo, Calif., April 1 - Deutsche Bank AG, London Branch priced $14.08 million of 0% trigger return optimization securities due March 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 1.5 times the index return, subject to a maximum return of 57.32%.
If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final index level is less than the trigger level, investors will be fully exposed to the index's decline from its initial level.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger return optimization securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $14,076,390
|
| Maturity: | March 31, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 57.32%; par if index falls by up to 25%; full exposure to any losses if index finishes below trigger level
|
| Initial level: | 3,133.75
|
| Trigger level: | 2,350.31, 75% of initial price
|
| Pricing date: | March 27
|
| Settlement date: | March 31
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 25155P286
|
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