By Jennifer Chiou
New York, Feb. 14 - Deutsche Bank AG, London Branch priced $4 million of 7.3% autocallable securities due Feb. 14, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be called at par if both indexes close at or above their initial levels on any quarterly observation date.
A knock-in event occurs if the final level of either index is at or below 60% of its initial level.
If a knock-in event never occurs, the payout at maturity will be par.
If a knock-in event occurs, investors will receive par plus the return of the worst-performing index, up to a maximum payout of par.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $4 million
|
| Maturity: | Feb. 14, 2013
|
| Coupon: | 7.3% per year, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes down by 40% or more, in which case par plus return of worst-performing index, up to a maximum payout of par
|
| Initial levels: | 1,342.64 for S&P, 802.38 for Russell
|
| Knock-in level: | 813.33 for S&P, 488.00 for Russell; 60% of initial levels
|
| Call option: | At par if both indexes close at or above their initial levels on any quarterly observation date
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 15
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.85%
|
| Cusip: | 2515A1GZ8
|
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