By Toni Weeks
San Diego, Aug. 25 - Deutsche Bank AG, London Branch priced $4.33 million of 0% autocallable securities due Aug. 28, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized return of 14.7% 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.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying index: | Russell 2000
|
| Amount: | $4,328,000
|
| Maturity: | Aug. 28, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if final index level is at least 70% of initial index level; otherwise, full exposure to losses from initial index level
|
| Initial level: | 683.07
|
| Knock-in level: | 478.15, 70% of initial level
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 26
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 2515A1CG4
|
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