By Angela McDaniels
Tacoma, Wash., Nov. 27 - Deutsche Bank AG, London Branch priced $2.59 million of zero-coupon 100% principal protection absolute return barrier M-notes due May 29, 2009 linked to the Russell 1000 Growth index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never closes above the upper index barrier or below the lower index barrier during the life of the notes, the payout at maturity will be par plus the absolute value of the index return.
If the index ever closes outside the index barriers, the payout will be par.
The upper and lower index barriers are 23.5% above and below the initial index level, respectively.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | 100% principal protection absolute return barrier M-notes
|
| Underlying index: | Russell 1000 Growth
|
| Amount: | $2.59 million
|
| Maturity: | May 29, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index never closes above the upper index barrier or below the lower index barrier, par plus absolute value of the index return; otherwise, par
|
| Initial index level: | 587.11
|
| Upper index barrier: | 725.09, 123.5% of initial level
|
| Lower index barrier: | 449.13, 76.5% of initial level
|
| Pricing date: | Nov. 26
|
| Settlement date: | Nov. 29
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | None
|
© 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.
