By Laura Lutz
Des Moines, Jan. 31 - Deutsche Bank AG, London Branch priced $7.17 million of call warrants linked to a basket of four Asian currencies, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights of the Taiwanese dollar, the Indonesian rupiah, the Indian rupee and the Malaysian ringgit, each against the dollar.
The warrants expire on Jan. 26, 2010.
The warrants will be automatically exercised on the expiration date if the final basket level is greater than the initial basket level. In that case, investors will receive the notional amount per warrant times the index return.
The notional amount is $394.35, equal to the issue price of $10.00 per warrant divided by the warrant premium of 2.536%. Therefore, investors will lose part of their investment in the warrants if the basket return is positive but less than the warrant premium.
If the final basket level is not greater than the initial level, the warrants will expire worthless and investors will lose their entire investments. Investors may not exercise their warrants prior to the expiration date.
UBS Financial Services Inc. is the underwriter.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Call warrants
|
| Underlying index: | Equal weights of Taiwanese dollar, Indonesian rupiah, Indian rupee and Malaysian ringgit, each against dollar
|
| Amount: | $7.17 million
|
| Warrants: | 717,000
|
| Expiration: | Jan. 26, 2010
|
| Price: | $10.00
|
| Payout upon exercise: | $394.35 times index return
|
| Warrant premium: | 2.536%
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 1
|
| Underwriter: | UBS Financial Services Inc.
|
| Fees: | 4%
|
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