By Marisa Wong
Milwaukee, May 27 - Deutsche Bank AG, London Branch priced $4.35 million of 0% buffered enhanced participation notes due Dec. 1, 2011 linked to a basket of equally weighted currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Brazilian real, Norwegian krone, Indonesian rupiah, Chinese renminbi and Singapore dollar.
If the basket appreciates, the payout at maturity will be par plus 115% of the basket gain.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond the buffer.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered enhanced participation notes
|
| Underlying currencies: | Brazilian real, Norwegian krone, Indonesian rupiah, Chinese renminbi and Singapore dollar; equally weighted and relative to U.S. dollar
|
| Amount: | $4.35 million
|
| Maturity: | Dec. 1, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 115% of any basket gain; par if basket falls by up to 10%; full exposure to losses beyond 10% buffer
|
| Initial spot rates: | 1.8811 for real; 6.6369 for krone; 9,342 for rupiah; 6.8279 for renminbi; 1.4147 for Singapore dollar
|
| Pricing date: | May 25
|
| Settlement date: | May 28
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | 1.5%
|
| Cusip: | 2515A04B6
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
