By Angela McDaniels
Tacoma, Wash., April 1 - Deutsche Bank AG, London Branch priced $3 million of securities due May 8, 2014 linked to the Dow Jones - UBS Energy 3 Month Forward Total Return subindex, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is one-month Libor minus 20 basis points. Interest is payable monthly.
The securities are putable and callable at any time, and they will be called if the index declines by 15% or more.
The payout upon redemption or at maturity will be par plus triple the sum of the index return minus the TBill return minus the adjustment factor, which is the greater of a flat 0.1111% and 0.25% per year.
The TBill return will be the sum of the 91-day weekly auction high rates for U.S. Treasury bills for each day during the life of the securities.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying index: | Dow Jones - UBS Energy 3 Month Forward Total Return subindex
|
| Amount: | $3 million
|
| Maturity: | May 8, 2014
|
| Coupon: | One-month Libor minus 20 bps, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the index return minus the TBill return minus the adjustment factor, which is the greater of a flat 0.1111% and 0.25% per year
|
| Put option: | At any time
|
| Call option: | At any time
|
| Mandatory prepayment: | Automatically if index declines by 15% or more
|
| Initial index level: | 778.4324
|
| Pricing date: | March 27
|
| Settlement date: | April 4
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
| Cusip: | 25152RCH4
|
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