By Laura Lutz
Des Moines, June 27 - Deutsche Bank AG, London Branch priced a $74.25 million issue of zero-coupon principal-protected absolute return barrier notes due Dec. 31, 2008 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index remains within the upper and lower index barriers during the life of the notes, the payout at maturity will be par of $10 plus the absolute value of the index return.
If the index ever closes above the upper index barrier or below the lower index barrier, the payout will be par.
The barriers are 23% above and below the initial index level.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | 0% principal-protected absolute return barrier notes
|
| Underlying index: | S&P 500
|
| Amount: | $74.25 million
|
| Maturity: | Dec. 31, 2008
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus the absolute value of the index return if the index remains within the index barriers; otherwise, par
|
| Initial index level: | 1,497.74
|
| Upper index barrier: | 1,842.22, 123% of initial index level
|
| Lower index barrier: | 1,153.26, 77% of initial index level
|
| Pricing date: | June 25
|
| Settlement date: | June 29
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.75%
|
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