By Angela McDaniels
Tacoma, Wash., March 30 - Deutsche Bank AG, London Branch priced $11.96 million of 0% trigger performance securities due March 31, 2016 linked to the S&P 500 index, according to a 4242 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 130% of the index return.
If the index return is between zero and negative 50%, the payout will be par.
If the index return is less than negative 50%, the payout will be par plus the index return.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger performance securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $11,955,500
|
| Maturity: | March 31, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 130% of any index gain; par if index return is between zero and negative 50%; par plus index return if index return is less than negative 50%
|
| Initial index level: | 1,310.19
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 3.5%
|
| Cusip: | 25154P295
|
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