By Toni Weeks
San Diego, Feb. 14 - Deutsche Bank AG, London Branch priced $2.89 million of 0% optimal entry return enhanced notes due May 15, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The lookback level will be the index's lowest closing level during the 60 days beginning on the pricing date, Feb. 10. The index's closing level on the pricing date was 1,342.64. The final index level will be the average of the index's closing levels on the five trading days ending May 10, 2013.
If the final index level is greater than the lookback level, the payout at maturity will be par plus 200% of the gain, subject to a maximum return of 13%.
If the final index level is less than the lookback level, investors will lose 1% for every 1% that the final index level is less than the lookback level.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Optimal entry return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,885,000
|
| Maturity: | May 15, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater than the lookback level, par plus 200% of the gain, subject to a maximum return of 13%; otherwise, 1% loss for every 1% that the final index level is less than the lookback level
|
| Lookback level: | Index's lowest closing level during the 60 days beginning on the pricing date
|
| Final index level: | Average of the index's closing levels on the five trading days ending May 10, 2013
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 15
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 2515A1GV7
|
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