By Marisa Wong
Madison, Wis., Oct. 18 - Deutsche Bank AG, London Branch priced $43.4 million of 0% buffered return enhanced notes due Oct. 31, 2012 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the exchange-traded fund's final share price is greater than the initial share price, the payout at maturity will be par plus double the fund gain, subject to a maximum return of 25%. Investors will receive par if the share price falls by 10% or less and will lose 1.1111% for every 1% decline beyond 10%.
The final share price will equal the average of the fund's closing share prices on the five trading days ending Oct. 26, 2012.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered return enhanced notes
|
| Underlying ETF: | iShares MSCI Emerging Markets index fund
|
| Amount: | $43.4 million
|
| Maturity: | Oct. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any increase in ETF's share price, capped at 25%; par if share price falls by 10% or less; 1.1111% loss for every 1% drop beyond 10%
|
| Initial share price: | $39.59
|
| Final share price: | Average of ETF's closing share prices on the five trading days ending Oct. 26, 2012
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 19
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC (placement agents)
|
| Fees: | 1%
|
| Cusip: | 2515A1DS7
|
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