Published on 3/15/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $6.53 million autocallables linked to S&P 500, Russell 2000
By Toni Weeks
San Diego, March 15 - Deutsche Bank AG, London Branch priced $6.53 million of 0% autocallable securities due March 18, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call return of 13.6% if both indexes close at or above their initial levels on March 18, 2013 or if they close at 90% or greater of their initial levels on March 13, 2014.
If the notes are not called and the final levels of both indexes are greater than or equal to their knock-in levels, the payout at maturity will be par. For each index, the knock-in level is 70% of its initial level.
If either index finishes below its knock-in level, the payout will be par plus the return of the worst-performing index.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $6,525,000
|
| Maturity: | March 18, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless either index falls by more than 30%, in which case par plus return of worst-performing index
|
| Call: | Automatically at par plus 13.6% per year if both indexes close at or above their initial levels on March 18, 2013 or at 90% or greater of initial levels on March 13, 2014
|
| Initial levels: | 1,395.95 for S&P 500 and 831.23 for Russell 2000
|
| Knock-in levels: | 977.17 for S&P 500 and 581.86 for Russell 2000, 70% of initial levels
|
| Pricing date: | March 13
|
| Settlement date: | March 16
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 2515A1HG9
|
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