New Issue: Deutsche prices $4.66 million autocallable securities due 2016 on Euro Stoxx 50, S&P 500

By Toni Weeks

San Luis Obispo, Calif., April 24 - Deutsche Bank AG, London Branch priced $4.66 million of 0% autocallable securities due April 27, 2016 linked to the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized return of 15% if each index closes at or above its initial index level on an annual call date beginning after one year.

If the notes are not called and the final index level is at least 70% of the initial level, the payout at maturity will be par. If the final level is less than 70% of the initial level, investors will be exposed to the decline in the worst-performing index.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	Euro Stoxx 50 and S&P 500
Amount:	$4.66 million
Maturity:	April 27, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 70% of the initial level, par; otherwise, full exposure to decline of worst-performing index
Initial levels:	2,583.62 for Euro Stoxx, 1,562.5 for S&P 500
Knock-in level:	1,808.53 for Euro Stoxx, 1,093.75 for S&P 500, 70% of initial level
Call:	At par plus 15%, annualized, if each index closes at or above initial level on April 28, 2014, April 22, 2015 and April 22, 2016
Pricing date:	April 22
Settlement date:	April 25
Agent:	Deutsche Bank Securities Inc.
Fees:	2.25%
Cusip:	25152RCL5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.