By E. Janene Geiss
Philadelphia, May 27 - Deutsche Bank AG, London Branch priced $3.42 million of 0% trigger performance securities due May 31, 2016 linked to the S&P 500 index, according to a 424B filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 123% 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
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Issue: | Trigger performance securities
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Underlying index: | S&P 500
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Amount: | $3,416,000
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Maturity: | May 31, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 123% of any index gain; par if index return is between zero and negative 50%; if index return is less than negative 50%, par plus index return
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Initial index level: | 1,320.47
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Pricing date: | May 25
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Settlement date: | May 31
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Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | 3.5%
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Cusip: | 25154P295
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