By Angela McDaniels
Tacoma, Wash., Aug. 31 - Deutsche Bank AG, London Branch priced $1 million of 0% bonus barrier securities due Sept. 10, 2012 linked to the DAX index and the performance of the euro relative to the dollar, according to a 424B2 filing with the Securities and exchange Commission.
On any trading day, the index's underlying level equals (a) 100 multiplied by (b) the ending index level divided by the initial index level multiplied by (c) the ending spot rate divided by the initial spot rate.
A barrier event occurs if the underlying level falls below 80% of the initial underlying level during the life of the notes.
If a barrier event does not occur, the payout at maturity will be par plus 16%.
If a barrier event occurs, the payout will be par plus the lesser of 16% and the underlying return, which could be positive or negative.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Bonus barrier securities
|
| Underlying assets: | DAX index and the euro
|
| Amount: | $1 million
|
| Maturity: | Sept. 10, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If underlying level never falls by more than 20%, par plus 16%; otherwise, par plus lesser of 16% and underlying return, which could be positive or negative
|
| Initial index level: | 5,537.48
|
| Initial spot rate: | 1.436 dollars per euro
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 1
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 1%
|
| Cusip: | 2515A1CQ2
|
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