By Marisa Wong
Madison, Wis., May 29 - Deutsche Bank AG, London Branch priced $6.9 million of 0% autocallable securities due May 29, 2015 linked to the lesser performing of the SPDR S&P MidCap 400 ETF trust and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call return 16.15% if both components close at or above their initial levels on any annual observation date.
A knock-in event occurs if the final level of either component is below 70% of its initial level.
If a knock-in event does not occur, the payout at maturity will be par.
If a knock-in event occurs, investors will receive par plus the return of the worse-performing component.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying components: | SPDR S&P MidCap 400 ETF trust and the Russell 2000 index
|
| Amount: | $6,899,000
|
| Maturity: | May 29, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless either component falls below 70% of its initial level on final valuation date, in which case par plus return of worse-performing index
|
| Call option: | At par plus 16.15% per year if both components close at or above their initial levels on any annual observation date
|
| Initial levels: | $170.64 for SPDR S&P MidCap, 766.57 for Russell
|
| Knock-in level: | $119.45 for trust, 536.60 for index; 70% of initial levels
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Agents: | Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 2515A1JR3
|
© 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.
