By Jennifer Chiou
New York, Dec. 6 - Deutsche Bank AG, London Branch priced $2.17 million of 0% capped knock-out notes due Dec. 19, 2012 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the closing share price falls by more than 20% from the initial price on the Dec. 14, 2012 final valuation date.
If a knock-out event does not occur, the payout at maturity is par plus any gain in the stock, subject to a contingent minimum return of 13% and a maximum return of 25%.
If a knock-out event occurs, the payout at maturity will be par plus the stock return, with full exposure to losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped knock-out notes
|
| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
|
| Amount: | $2.17 million
|
| Maturity: | Dec. 19, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus stock return if closing share price is equal to or greater than 80% of initial price on final valuation date, with minimum return of 13% and maximum return of 25%; if price falls by more than 20% on final valuation date, par plus stock return with exposure to losses
|
| Initial price: | $389.70
|
| Knock-out level: | $311.76, 80% of initial price
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 7
|
| Placement agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1EW7
|
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