By Angela McDaniels
Tacoma, Wash., Aug. 30 - Deutsche Bank AG, London Branch priced $1 million of 0% digital payment securities due Feb. 28, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 21.1%.
If the final index level is less than the initial level but greater than or equal to the barrier level, the payout will be par. The barrier level is 70% of the initial level.
If the final index level is less than the barrier level, investors will be fully exposed to the decline of the index from the initial level.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Digital payment securities
|
| Underlying index: | Russell 2000
|
| Amount: | $1 million
|
| Maturity: | Feb. 28, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 21.1% if final index level is greater than or equal to initial level; par if index declines by 30% or less; par plus index return if index declines by more than 30%
|
| Initial index level: | 691.79
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 2515A1CP4
|
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