By Angela McDaniels
Tacoma, Wash., Aug. 7 - Deutsche Bank AG, London Branch priced $19.48 million of 0% autocallable index knock-out notes due May 17, 2010 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.
If the index closes at or above 110% of its initial level on any review date, the notes will be automatically called at 110% of par. The review dates are the first business day of each week.
If the notes are not called and the index falls to or below the knock-out level - 19% below the initial level - during the life of the notes, the payout at maturity will be par plus the index return.
If the notes are not called and the index remains above the knock-out level, the payout will be par plus the greater of the index return and 2%.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Autocallable index knock-out notes
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Underlying index: | Russell 2000
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Amount: | $19,479,000
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Maturity: | May 17, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index declines by 19% or more during life of notes, par plus index return; otherwise, par plus greater of index return and 2%
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Call: | Automatically at par plus 10% if index closes at or above 110% of initial level on the first business day of any week
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Initial index level: | 565.99
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Pricing date: | Aug. 5
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Settlement date: | Aug. 10
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
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Fees: | 0.75%
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