By Angela McDaniels
Tacoma, Wash., Aug. 4 - Deutsche Bank AG, London Branch priced $2.05 million of Buffered Underlying Securities due Aug. 5, 2014 linked to a basket of five indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will pay a one-time coupon of 3% - $30 per $1,000 principal amount - on Aug. 29, 2008.
The basket includes the MSCI EAFE index with a 15% weight, the MSCI Emerging Markets index with a 10% weight, the Deutsche Bank Balanced Currency Harvest (USD) index with a 25% weight, the Deutsche Bank Liquid Alpha 5 USD Excess Return index with a 25% weight, the Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Excess Return with a 20% weight and the Health Care Select Sector SPDR fund with a 5% weight.
The payout at maturity will be par plus 155% of any basket gain. Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% decline beyond 20%.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered Underlying Securities
|
| Underlying basket: | MSCI EAFE index (15% weight), MSCI Emerging Markets index (10% weight), Deutsche Bank Balanced Currency Harvest (USD) index (25% weight), Deutsche Bank Liquid Alpha 5 USD Excess Return index (25% weight), Deutsche Bank Liquid Commodity Index - Mean Reversion Plus Excess Return (20% weight) and Health Care Select Sector SPDR fund (5% weight)
|
| Amount: | $2,051,000
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| Maturity: | Aug. 5, 2014
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| Coupon: | 3% on Aug. 29, 2008
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| Price: | Par
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| Payout at maturity: | Par plus 155% of any basket gain; par if basket falls by 20% or less; 1% loss for every 1% decline beyond 20%
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
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| Fees: | None
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