By Susanna Moon
Chicago, Jan. 20 - Deutsche Bank AG, London Branch priced $4.21 million of 0% trigger autocallable optimization securities due Jan. 25, 2016 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call return of 10.51% if the index closes at or above the initial level on any of 12 monthly observation dates.
The payout at maturity will be par if the index finishes at or above the trigger level, 60% of the initial index level.
Otherwise, the payout will be par plus the index return with exposure to the loss.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying index: | Russell 2000 index
|
| Amount: | $4,206,990
|
| Maturity: | Jan. 25, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is 60% or more of initial index level, par; otherwise, par plus index return
|
| Call: | At par plus annualized call return of 10.51% if index closes at or above initial index level on any of 12 monthly observation dates
|
| Initial index level: | 807.56
|
| Trigger level: | 484.54, or 60% of initial level
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 21
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 25154P576
|
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