By Jennifer Chiou
New York, Jan. 30 - Deutsche Bank AG, London Branch priced a $3.95 million offering of 0% Dynamic Tracker Notes due Jan. 31, 2012 linked to the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be determined based on the performance of the index:
• If the final index level is greater than the initial index level, the payout will be par plus 120% of the positive index return;
• If the final index level is equal to the initial index level, the payout will be par;
• If the final index level is less than the initial index level, the payout will be par unless the index closed below the trigger level during the life of the notes, in which case investors will be fully exposed to the decline in the index. The trigger level is 8,116.56, 65% of the initial index level.
Deutsche Bank Securities and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Dynamic Tracker Notes
|
| Amount: | $3.95 million
|
| Maturity: | Jan. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 120% of the positive index return if the final index level is greater than the initial index level; par if the final index level is equal to the initial index level; if the final index level is less than the initial index level, the payout will be par unless the index closed below the trigger level during the life of the notes, in which case investors will be fully exposed to the decline in the index
|
| Initial level: | 12,487.02
|
| Trigger level: | 8,116.56, 65% of the initial level
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agents: | Deutsche Bank Securities, Deutsche Bank Trust Co. Americas
|
| Fees: | 3%
|
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