By Toni Weeks
San Luis Obispo, Calif., Jan. 21 - Deutsche Bank AG, London Branch priced $10.6 million of 0% autocallable securities due July 21, 2015 linked to the Russell 2000 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized return of 9% if each underlier closes at or above its initial level on any semiannual call date.
If the notes are not called and the final level of the lesser performer is at least 80% of the initial level, the payout at maturity will be par. If the final level is less than 80% of the initial level, investors will lose 1.25% for every 1% decline in the worst-performing underlier.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying assets: | Russell 2000 index and iShares MSCI EAFE index fund
|
| Amount: | $10.6 million
|
| Maturity: | July 21, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of the lesser performer is at least 80% of the initial level, par; otherwise, 1.25% loss for every 1% decline of worst-performing underlier
|
| Initial levels: | 1,173.13 for Russell 2000 and $67.01 for iShares MSCI EAFE ETF
|
| Buffer amount: | 80% of initial level
|
| Call: | At par plus 9% annualized if each index closes at or above its initial level on any semiannual call date beginning July 16
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 22
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.103%
|
| Cusip: | 25152RHC0
|
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