By Angela McDaniels
Tacoma, Wash., March 15 - Deutsche Bank AG, London Branch priced $1.46 million of 0% S&P plus tracker notes due April 16, 2012 linked to a basket of indexes that includes the S&P 500 Total Return index and the Deutsche Bank Equity Mean Reversion Alpha index (Emerald), according to a 424B2 filing with the Securities and Exchange Commission.
The basket level on any day equals 100 plus the return of the S&P 500 Total Return plus triple the return of the Emerald index. The return of each index is reduced by an adjustment factor, which is a flat 0.85% for the S&P 500 Total Return and 1% per year for the Emerald index.
The payout at maturity will be par plus the basket return, which could be positive or negative.
The notes will be called at par plus the basket return if the basket level falls below 40.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | S&P plus tracker notes
|
| Underlying indexes: | S&P 500 Total Return index and Deutsche Bank Equity Mean Reversion Alpha index
|
| Amount: | $1,456,000
|
| Maturity: | April 16, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return
|
| Call: | At par plus basket return if basket level falls below 40
|
| Initial index levels: | 2,201.81 for S&P 500 Total Return; 211.44 for Emerald
|
| Basket level: | On any day, 100 plus S&P 500 Total Return index return on that day and three times Emerald index return; returns reduced by adjustment factor of flat 0.85% for S&P 500 Total Return and 1% per year for Emerald
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.75%
|
| Cusip: | 2515A14J7
|
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