By Angela McDaniels
Tacoma, Wash., Feb. 22 - Deutsche Bank AG, London Branch priced $1.87 million of 0% optimal entry return enhanced notes due May 22, 2013 linked to the S&P 500 index, according to a 424B3 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 calendar days beginning on the pricing date, Feb. 17. The index's closing level on the pricing date was 1,361.23. The final index level will be the average of the index's closing levels on the five trading days ending May 17, 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 12.7%.
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: | $1,867,000
|
| Maturity: | May 22, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than lookback level, par plus 200% of gain, subject to maximum return of 12.7%; otherwise, 1% loss for every 1% that final index level is less than lookback level
|
| Lookback level: | Index's lowest closing level during 60 calendar days beginning on pricing date
|
| Final index level: | Average of index's closing levels on five trading days ending May 17, 2013
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 23
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 2515A1H20
|
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