By Laura Lutz
Des Moines, May 29 - Deutsche Bank AG, London Branch priced a $11.06 million issue of 0% performance securities with contingent protection due May 31, 2012 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 158.1% of any positive return on the index. If the final index level is equal to or less than the initial index level, but does not close below a trigger level of 50% of the initial index level, investors will receive par.
If the index falls below the trigger level during the life of the notes, investors will share in any losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. will be the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | 0% performance securities with contingent protection
|
| Amount: | $11.06 million
|
| Underlying index: | Dow Jones Euro Stoxx 50 index
|
| Maturity: | May 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 158.1% of any positive return if index gains; par if index loses less than 50%; full exposure to loss if index drops more than 50%
|
| Initial index level: | 4,452.7
|
| Pricing date: | May 24
|
| Settlement date: | May 31
|
| Underwriters: | UBS Financial Services Inc., Deutsche Bank Securities
|
| Fees: | 3.5%
|
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