Published on 6/10/2011 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $6.38 million autocallables tied to Russell 2000
By Toni Weeks
San Diego, June 10 - Deutsche Bank AG, London Branch priced $6.38 million of autocallable securities due June 13, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent coupon of 10.25% if the closing level of the index is equal to or greater than the threshold level - 75% of the initial level - on each of six observation dates. Otherwise, interest will not be paid for that period.
After one year, the notes will be called at par if the index closes at or above the initial level on any of five semiannual call dates.
If the notes are not called and the index is at least 75% of the initial value on the final observation date of June 10, 2014, the payout at maturity will be par. Otherwise, investors will be fully exposed to losses.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying index: | Russell 2000
|
| Amount: | $6,384,000
|
| Maturity: | June 13, 2014
|
| Coupon: | 10.25% if the index is at or above 75% of the initial level on June 7, 2012, June 15, 2012, Dec. 10, 2012, June 10, 2013, Dec. 9, 2013 and June 10, 2014
|
| Price: | Par
|
| Payout at maturity: | Par if final index level is at least 75% of initial level; otherwise, full exposure to losses
|
| Call: | Automatically at par if index closes at or above initial level on June 15, 2012, Dec. 10, 2012, June 10, 2013, Dec. 9, 2013 and June 10, 2014
|
| Initial level: | 788.04
|
| Threshold level: | 591.03, 75% of initial level
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Agents: | Deutsche Bank Securities Inc.
|
| Fees: | 0.1%
|
| Cusip: | 2515A17E5
|
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