By Jennifer Chiou
New York, Oct. 13 - Deutsche Bank AG, London Branch priced $1.51 million of 0% participation notes due Oct. 14, 2014 linked to the Deutsche Bank Currency Returns Plus (USD) index, according to a 424B2 filing with the Securities and Exchange Commission.
The index seeks to combine three foreign-exchange strategies - carry, momentum and valuation - into one equally weighted index. The index reflects a one-third investment in each of the following indexes on a daily basis: the Deutsche Bank Balanced Currency Harvest index, the Deutsche Bank Currency Momentum index and the Deutsche Bank Currency Valuation index.
For each $1,000 principal amount of notes, the payout at maturity will be $950 plus 115% of any index gain. If the index declines, investors will receive $950 per note.
Investors should be willing to lose up to 5% if the index does not appreciate by at least 4.35%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Participation notes
|
| Underlying index: | Deutsche Bank Currency Returns Plus (USD) index
|
| Amount: | $1,506,000
|
| Maturity: | Oct. 14, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 95% of par plus 1.15 times any gain; 95% of par for any losses
|
| Initial level: | 202.467
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 14
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 2515A06U2
|
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