By Angela McDaniels
Seattle, Sept. 27 - Deutsche Bank AG, London Branch priced $35.3 million of 0% performance tracking securities due Sept. 28, 2012 linked to the UBS Seasonal Exposure Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The index provides two-times leveraged exposure to any increase or decrease of the Dow Jones Industrial Average Total Return index from October to April of each year, less financing costs, and a return equal to one-month Libor from May to September of each year.
For each $10 security, the payout at maturity will be $9.875 plus the index return and minus a fee amount. The fee amount will initially be 1.4% and will increase each day by an amount equal to $9.875 plus the index return for that day multiplied by the quotient of 1.4% divided by 365.
If at any time the index declines enough that the redemption amount would be less than $1.50 per $10 security, the securities will be called. The redemption amount will be calculated in the same way as the payout at maturity.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Performance tracking securities
|
| Underlying index: | UBS Seasonal Exposure Total Return
|
| Amount: | $35,291,460
|
| Maturity: | Sept. 28, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | $9.875 plus the index return minus the fee, which will initially be 1.4% and will increase each day by an amount equal to $9.875 plus the index return multiplied by the quotient of 1.4% divided by 365
|
| Call: | If the index falls enough that the redemption amount would be less than $1.50 per $10 security
|
| Initial index level: | 11,095.87
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.25%
|
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