By Jennifer Chiou
New York, June 10 - Deutsche Bank AG, London Branch priced $4.68 million of 0% autocallable securities due June 13, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus 12% if the closing level of the index on any call date is greater than or equal to the initial level. The call dates will occur on June 15, 2012, Dec. 10, 2012, June 10, 2013, Dec. 9, 2013 and June 10, 2014, the final valuation date.
If the notes are not called, the payout at maturity will be par unless the final index level closes at less than 75% of the initial level, in which case investors will share in losses.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying index: | Russell 2000
|
| Amount: | $4,679,000
|
| Maturity: | June 13, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless the final index level closes at less than 75% of the initial level, in which case investors will share in losses
|
| Call: | Automatically at par plus 12% if the closing level of index is greater than or equal to the initial level on any call date
|
| Initial level: | 788.04
|
| Knock-in level: | 591.03, 75% of initial level
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.75%
|
| Cusip: | 2515A17H8
|
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