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Deutsche Bank to price autocallables due 2014 linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Aug. 12 - Deutsche Bank AG, London Branch plans to price 0% autocallable securities due Aug. 28, 2014 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized return of 11% to 15% if the index closes at or above the initial index level on Aug. 24, 2012, Aug. 23, 2013 or Aug. 25, 2014.
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 from the initial index level to the final index level.
The notes (Cusip: 2515A1CG4) will price Aug. 23 and settle Aug. 26.
Deutsche Bank Securities Inc. is the agent.
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