New Issue: Deutsche Bank prices $4.15 million autocallable notes tied to S&P 500, Russell 2000

By Marisa Wong

Madison, Wis., Dec. 21 - Deutsche Bank AG, London Branch priced $4.15 million of 0% autocallable securities due Dec. 26, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium of 10.5% per year if both indexes close at or above their initial levels on any of two call dates. The call dates are Dec. 30, 2013 and Dec. 22, 2014.

A knock-in event occurs if the final level of either index is below 70% of its initial level on the final valuation date.

If a knock-in event does not occur, the payout at maturity will be par. Otherwise, investors will receive par plus the return of the worse-performing index.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$4.15 million
Maturity:	Dec. 26, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index falls below 70% of its initial level on Dec. 22, 2014 final valuation date, in which case par plus return of worse-performing index
Initial levels:	1,443.69 for S&P, 852.49 for Russell
Knock-in level:	1,010.58 for S&P, 596.74 for Russell; 70% of initial levels
Call option:	At par plus 10.5% per year if both indexes close at or above their initial levels on Dec. 30, 2013 or Dec. 22, 2014
Pricing date:	Dec. 20
Settlement date:	Dec. 26
Agents:	Deutsche Bank Securities Inc.
Fees:	1.5%
Cusip:	25152RAX1

© 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.