By Jennifer Chiou
New York, June 18 - Deutsche Bank AG, London Branch priced $30 million of 0% performance securities with partial protection due June 18, 2010 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Dow Jones Euro Stoxx 50 with a 35% weight, FTSE 100 with a 25% weight, Nikkei 225 with a 25% weight, Swiss Market with a 5% weight, S&P/ASX 200 with a 5% weight and MSCI Emerging Markets with a 5% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par of $10 plus the return on the basket multiplied by a 120% participation rate.
If the final basket level is greater than or equal to 80% of the initial basket level, investors will receive par. If the basket falls by more than 20%, investors will lose 1% for each 1% decline beyond 20%.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | 0% performance securities with partial protection
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| Amount: | $30 million
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| Underlying indexes: | Dow Jones Euro Stoxx 50 (35% weight), FTSE 100 (25% weight), Nikkei 225 (25% weight), Swiss Market (5% weight), S&P/ASX 200 (5% weight), MSCI Emerging Markets (5% weight)
|
| Maturity: | June 18, 2010
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 120% of any basket gain; par if basket loses 20% or less; investors share in losses beyond 20%
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| Pricing date: | June 15
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| Settlement date: | June 21
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| Underwriters: | UBS Financial Services Inc., Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
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