By Susanna Moon
Chicago, Dec. 3 - Deutsche Bank AG, London Branch priced $2.73 million of 0% enhanced participation notes due Dec. 7, 2015 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 1.8 times any gain on the index.
Investors will be exposed to any declines.
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: | $2.73 million
|
| Maturity: | Dec. 7, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 180% of any index gain; exposure to any losses
|
| Initial index level: | 263.03
|
| Pricing date: | Dec. 1
|
| Settlement date: | Dec. 6
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.75%
|
| Cusip: | 2515A1BY6
|
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