By E. Janene Geiss
Philadelphia, Feb. 15 - Deutsche Bank AG, London Branch priced $3.89 million of zero-coupon buffered absolute return barrier notes due Aug. 18, 2009 linked to the MSCI EAFE 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 up to a 15% decline. Investors will lose 1% for every 1% decline in the index beyond 15%.
The upper and lower index barriers are 30.5% above and below the initial index level, respectively.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered absolute return barrier notes
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $3.89 million
|
| Maturity: | Aug. 18, 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 up to a 15% decline in the index; full exposure to any index decline beyond 15%
|
| Initial level: | 1,994.74
|
| Lower index barrier: | 1,386.34, 69.5% of initial level
|
| Upper index barrier: | 2,603.14.23, 130.5% of initial level
|
| Pricing date: | Feb. 13
|
| Settlement date: | Feb. 19
|
| Underwriters: | Deutsche Bank Securities Inc.; Deutsche Bank Trust Co. Americas
|
© 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.
