By Angela McDaniels
Tacoma, Wash., Dec. 19 - Deutsche Bank AG, London Branch priced $2.33 million of 0% securities due Dec. 20, 2016 linked to a basket of indexes that includes the Deutsche Bank Fed Funds Total Return index and the Deutsche Bank Haven Plus Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The basket level on the pricing date was 100. The basket level on any subsequent day equals 100 plus the return of the Fed Funds index plus double the return of Haven index. The return of the Haven index is reduced by an adjustment factor of 0.6% per year.
The payout at maturity will be par multiplied by the quotient of the final basket level divided by the initial basket level.
The notes are putable quarterly. They will be called at par plus the basket return if the basket level falls below 40.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying indexes: | Deutsche Bank Fed Funds Total Return index and the Deutsche Bank Haven Plus Excess Return index
|
| Amount: | $2,326,000
|
| Maturity: | Dec. 20, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par multiplied by quotient of final basket level divided by initial basket level
|
| Put option: | Quarterly
|
| Call: | At par plus basket return if basket level falls below 40
|
| Initial index levels: | 171.769 for Fed Funds and 292.1 for Haven
|
| Basket level: | On any day, 100 plus Fed Funds return plus double Haven return; Haven return reduced by adjustment factor of 0.6% per year
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 20
|
| Agents: | Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas
|
| Fees: | 0.25%
|
| Cusip: | 2515A1E31
|
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