By Jennifer Chiou
New York, Nov. 28 - Deutsche Bank AG, London Branch priced $797,000 of zero-coupon buffered absolute return barrier notes due May 29, 2009 linked to the Russell Midcap index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never closes above the upper index barrier or below the lower index barrier during the life of the notes, the payout at maturity will be par plus the absolute value of the index return.
If the index ever closes outside the index barriers, the payout will be par. If the index level closes below the barrier level by more than a 15% decline, investors will lose 1% for every 1% the index declines.
The upper and lower index barriers are 50% and 15% above and below the initial index level, respectively.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered absolute return barrier notes
|
| Underlying index: | Russell Midcap
|
| Amount: | $797,000
|
| Maturity: | May 29, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the absolute value of the index return if the index never closes above the upper index barrier or below the lower index barrier during the life of the notes; par if the index ever closes outside the index barriers; if the index level closes below the barrier level by more than a 15% decline, investors will lose 1% for every 1% the index declines
|
| Initial level: | 987.99
|
| Lower index barrier: | 839.79, 15% below initial level
|
| Upper index barrier: | 1,481.99, 50% above initial level
|
| Pricing date: | Nov. 26
|
| Settlement date: | Nov. 29
|
| Underwriter: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
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