By Angela McDaniels
Tacoma, Wash., Aug. 30 - Deutsche Bank AG, London Branch priced $1.65 million of 0% trigger enhanced return securities due Feb. 28, 2013 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Australian dollar, the New Zealand dollar, the South African rand and the Canadian dollar. The basket performance will be positive if the basket strengthens relative to the U.S. dollar.
If the basket performance is positive, the payout at maturity will be par plus 240% of the basket performance.
If the basket performance is between negative 10% and zero, the payout will be par.
If the basket performance is less than negative 10%, investors will be fully exposed to the decline from the initial basket level.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger enhanced return securities
|
| Underlying currencies: | Australian dollar, New Zealand dollar, South African rand and Canadian dollar, equally weighted
|
| Amount: | $1,645,000
|
| Maturity: | Feb. 28, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 240% of any basket gain; par if basket performance is between negative 10% and zero; par plus basket return if basket performance is less than negative 10%
|
| Initial exchange rates: | 1.05305 for Australian dollar, 0.83435 for New Zealand dollar, 7.1824 for rand and 0.98875 for Canadian dollar
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 2515A1AF8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
