By Toni Weeks
San Diego, Oct. 4 - Deutsche Bank AG, London Branch priced $6.79 million of 0% buffered return enhanced notes due Oct. 8, 2012 linked to the Euro Stoxx 50 index and the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying return will be (a) (i) the final index level divided by the initial index level multiplied by (ii) the final spot rate divided by the initial spot rate minus (b) one.
The final index level will be the average of the index's closing levels on the averaging dates, which are the five trading days ending Oct. 3, 2012. The final spot rate will be the average of the spot rates on the averaging dates and will be expressed as the number of dollars per euro.
If the underlying return is positive, the payout at maturity will be par plus double the underlying return, subject to a maximum return of 34%. Investors will receive par if the underlying return is between zero and negative 10% and will lose 1.1111% for every 1% that the underlying return is less than 10%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered return enhanced notes
|
| Underlying components: | Euro Stoxx 50 and euro
|
| Amount: | $6,791,000
|
| Maturity: | Oct. 8, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double underlying return, subject to maximum return of 34%; par if underlying return is between zero and negative 10%; loss of 1.1111% for every 1% that the underlying return is less than 10%
|
| Initial levels: | 2,179.66 for Euro Stoxx, 1.3417 for euro spot rate
|
| Final index level: | Average of index's closing levels on the five trading days ending Oct. 3, 2012
|
| Pricing date: | Sept. 23
|
| Settlement date: | Oct. 5
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1DA6
|
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