By Toni Weeks
San Diego, Dec. 23 - Deutsche Bank AG, London Branch priced $2.51 million of 10.2% notes due Dec. 28, 2012 linked to Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
A knock-in event occurs if the closing share price falls by more than 30% from the initial price during the life of the notes.
If a knock-in event has not occurred, or if it has occurred and the final price is equal to or greater than the initial price, the payout at maturity will be par.
If a knock-in event has occurred and the final price is less than the initial price, investors will be exposed to losses from the initial level.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying stock | : | Walt Disney Co. (Symbol: DIS)
|
| Amount: | $2,513,000
|
| Maturity: | Dec. 28, 2012
|
| Coupon: | 10.2%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If price of Walt Disney shares falls below threshold price during life of notes and final price is less than initial price, full exposure to losses from initial level; otherwise, par
|
| Initial price: | $35.90
|
| Threshold price: | $25.13, 70% of initial price
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 27
|
| Agents: | Deutsche Bank Securities Inc.
|
| Fees: | 0.25%
|
| Cusip: | 2515A1FY2
|
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