By Laura Lutz
Des Moines, Nov. 28 - Deutsche Bank AG, London Branch priced $456,000 of zero-coupon 100% principal-protected notes due May 28, 2010 linked to the Deutsche Bank Balanced Currency Harvest index, according to a 424B2 filing with the Securities and Exchange Commission.
The index is designed to capitalize on the trend that currencies associated with high interest rates, on average, tend to rise in value relative to currencies associated with relatively low interest rates.
The payout at maturity will be par plus 105% of any gain on the index. Investors will receive at least par.
Deutsche Bank Securities and Deutsche Bank Trust Co. Americas are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | 100% principal-protected notes
|
| Underlying index: | Deutsche Bank Balanced Currency Harvest index
|
| Amount: | $456,000
|
| Maturity: | May 28, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 105% of any index gain; floor of par
|
| Initial level: | 259.04
|
| Pricing date: | Nov. 26
|
| Settlement date: | Nov. 30
|
| Underwriters: | Deutsche Bank Securities; Deutsche Bank Trust Co. Americas
|
| Fees: | 1.5%
|
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