By Toni Weeks
San Luis Obispo, Calif., April 1 - Deutsche Bank AG, London Branch priced $10.59 million of 0% Accelerated Return Notes due March 23, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 17.2%.
Investors will be exposed to any losses.
The initial index value will be the lowest closing level of the index on any trading day between the pricing date and May 27, inclusive. The final index value will be the average of the index values on five trading days ending March 18, 2016.
BofA Merrill Lynch is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Russell 2000
|
| Amount: | $10,586,640
|
| Maturity: | March 23, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 17.2%; exposure to any losses
|
| Initial index level: | Lowest closing level of the index on any trading day between the pricing date and May 27, inclusive
|
| Final index level: | Average of the index values on five trading days ending March 18, 2016
|
| Pricing date: | March 27
|
| Settlement date: | April 3
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 25155P351
|
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