By Angela McDaniels
Tacoma, Wash., May 27 - Deutsche Bank AG, London Branch priced $3.11 million of 0% trigger performance securities due May 31, 2016 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 103% of the index return.
If the index return is zero or negative and the final index level is greater than or equal to 51% of the initial level, the payout will be par.
If the final index level is less than 51% of the initial level, 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: | Hang Seng China Enterprises index
|
| Amount: | $3,107,500
|
| Maturity: | May 31, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 103% of any index gain; par if index return is zero or negative and final level is greater than or equal to 51% of initial level; par plus index return if final level is less than 51% of initial level
|
| Initial index level: | 12,689.66
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 3.5%
|
| Cusip: | 25154W746
|
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