By Angela McDaniels
Tacoma, Wash., May 28 - Deutsche Bank AG, London Branch priced $16.09 million of zero-coupon 100% principal protection notes due May 31, 2012 linked to the performance of a basket of currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Australian dollar with a 33.34% weight, the Brazilian real with a 33.33% weight and the Canadian dollar with a 33.33% weight.
The payout at maturity will be par of $10 plus 125% of any appreciation in the basket relative to the U.S. dollar. If the basket depreciates relative to the U.S. dollar, the payout will be par.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London branch
|
| Issue: | 100% principal protection notes
|
| Underlying currencies: | Australian dollar (33.34% weight), Brazilian real (33.33% weight) and Canadian dollar (33.33% weight)
|
| Amount: | $16,092,500
|
| Maturity: | May 31, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 125% of any basket gain versus the U.S. dollar; par if basket weakens against the U.S. dollar
|
| Initial exchange rates: | 0.7862 U.S. dollars per Australian dollar; 2.0165 Brazilian reais per U.S. dollar; 1.1170 Canadian dollars per U.S. dollar
|
| Pricing date: | May 26
|
| Settlement date: | May 29
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
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