By Angela McDaniels
Tacoma, Wash., March 14 - Deutsche Bank AG, London Branch priced $5.1 million of contingent return trigger securities due March 14, 2013 linked to the performance of a basket of currencies relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket includes the Polish zloty and the Turkish lira.
If the basket strengthens relative to the euro, the payout at maturity will be par plus the greater of the basket performance and 22%. If the basket weakens relative to the euro by 25% or less, the payout will be par. If the basket weakens by more than 25%, investors will be fully exposed to the decline from the initial level.
When calculating the basket performance, the return of each currency will be capped at 100%, resulting in a maximum payout at maturity of $2,000 per $1,000 principal amount.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Contingent return trigger securities
|
| Underlying currencies: | Polish zloty and Turkish lira, equally weighted
|
| Amount: | $5.1 million
|
| Maturity: | March 14, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus greater of basket performance and 22% if basket appreciates relative to euro; par if basket weakens relative to euro by 25% or less; par plus basket return if basket weakens by more than 25%
|
| Initial spot rates: | 4.01535 for zloty and 2.1836 for lira
|
| Pricing date: | March 10
|
| Settlement date: | March 15
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 2515A15A5
|
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