New York, Nov. 25 - Deutsche Bank AG, London Branch priced $3.37 million of 0% enhanced participation notes due Dec. 2, 2014 linked to the Deutsche Bank Balanced Currency Harvest (USD) index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 205% of any gain on the index. Investors will lose 1% for each 1% decline.
The index is intended to reflect a strategy of purchasing three-month forward contracts on currencies in jurisdictions with high interest rates and selling three-month forward contracts on currencies in jurisdictions with low interest rates.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Enhanced participation notes
|
| Underlying index: | Deutsche Bank Balanced Currency Harvest (USD) index
|
| Amount: | $3,367,000
|
| Maturity: | Dec 2, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 205% of any index gain; 1% loss for every 1% decline
|
| Initial index levels: | 257.00
|
| Pricing date: | Nov. 23
|
| Settlement date: | Nov. 27
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.75%
|
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