By Angela McDaniels
Tacoma, Wash., Aug. 4 - Deutsche Bank AG, London Branch priced $10.78 million of 0% autocallable securities due Aug. 7, 2013 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus a call premium of 14.88% per year if the fund's shares close at or above the initial share price on Feb. 2, 2012, Aug. 2, 2012, Nov. 2, 2012, Feb. 4, 2013, May 2, 2013 or Aug. 2, 2013.
If the notes are not called and the final share price is at least 80% of the initial share price, the payout at maturity will be par. If the final share price is less than 80% of the initial share price, investors will be fully exposed to the decline from the initial share price.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying ETF: | iShares MSCI Emerging Markets index fund
|
| Amount: | $10,775,000
|
| Maturity: | Aug. 7, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if final share price is at least 80% of initial share price; otherwise, full exposure to decline of share price from initial share price
|
| Initial share price: | $45.62
|
| Pricing date: | Aug. 2
|
| Settlement date: | Aug. 5
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.75%
|
| Cusip: | 2515A1B67
|
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