By Angela McDaniels
Tacoma, Wash., Aug. 13 - Deutsche Bank AG, London Branch priced $2 million of 0% buffered absolute return barrier securities due Nov. 15, 2010 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If shares of the exchange-traded fund never close above the upper barrier or below the lower barrier during the life of the securities, the payout at maturity will be par plus the absolute value of the fund return.
The upper barrier is 130% of the initial share price, and the lower barrier is 82% of the initial price.
If the shares ever close above the upper barrier or below the lower barrier, the payout will be par if the final share price is at least 82% of the initial price. Otherwise, investors will lose 1% for every 1% that the share price declines beyond 18%.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered absolute return barrier securities
|
| Underlying ETF: | iShares MSCI EAFE index fund
|
| Amount: | $2,003,000
|
| Maturity: | Nov. 15, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF's shares never close above upper barrier or below lower barrier during life of securities, par plus absolute value of fund return; otherwise, par if final share price is at least 82% of initial price or par minus 1% for every 1% that the share price declines beyond 18%
|
| Initial share price: | $50.29
|
| Upper index barrier: | $65.38, 130% of initial price
|
| Lower index barrier: | $41.24, 82% of initial price
|
| Pricing date: | Aug. 11
|
| Settlement date: | Aug.14
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | 0.75%
|
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