By Jennifer Chiou
New York, March 2 - Deutsche Bank AG, London Branch priced $3 million of 0% semiannual review notes due Feb. 28, 2013 linked to the S&P MidCap 400 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be automatically called at increasing premiums if the index is at or above the call level on any of the review dates. The call level is equal to the initial level.
The redemption amount will be par plus 9.9% if the notes are called March 5, 2012, par plus 14.85% if they are called Aug. 27, 2012 and par plus 19.8% if called on Feb. 25, 2013.
If the notes are not called, the payout at maturity will be par if the final index level is at least 90% of the initial level. Investors will lose 1.1111% for every 1% that the index declines beyond 10%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Semiannual review notes
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $3 million
|
| Maturity: | Feb. 28, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if final index level is at least 90% of initial level; 1.1111% loss for every 1% decline beyond 10%
|
| Call: | At par plus premium of 9.9% per year if index closes at or above call level on any of the review dates: March 5, 2012, Aug. 27, 2012 and Feb. 25, 2013
|
| Initial index level: | 964.21
|
| Pricing date: | Feb. 25
|
| Settlement date: | March 2
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 2515A14V0
|
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