New Issue: Deutsche Bank prices $22 million 7.49% notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., May 21 - Deutsche Bank AG, London Branch priced $22 million of 7.49% securities due May 23, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 80% of the initial index level, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.

Deutsche Bank Securities Inc. is the underwriter.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Securities
Underlying index:	Russell 2000
Amount:	$22 million
Maturity:	May 23, 2013
Coupon:	7.49%, payable quarterly
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 80% of initial index level, par; otherwise, 1.25% loss for every 1% that index declines beyond 20%
Initial index level:	747.21
Pricing date:	May 18
Settlement date:	May 22
Underwriter:	Deutsche Bank Securities Inc.
Fees:	0.15%
Cusip:	2515A1K26

© 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.