New Issue: Deutsche prices $1.94 million performance securities on currencies

By Jennifer Chiou

New York, Aug. 22 - Deutsche Bank AG, London Branch priced $1,935,000 of 0% performance securities due Aug. 28, 2013 linked to the performance of a basket of currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Australian dollar, the Canadian dollar, the Norwegian krone and the Swedish krona.

If the basket return is positive, meaning that the currencies have, as a whole, strengthened against the U.S. dollar, the payout at maturity will be par of $10 plus 150% of the basket return. If the basket return is negative, investors will be fully exposed to the decline.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Performance securities
Underlying currencies:	Equal weights of the Australian dollar, the Canadian dollar, the Norwegian krone and the Swedish krona
Amount:	$1,935,000
Maturity:	Aug. 28, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is positive, par plus 150% of the basket return; full exposure to decline
Pricing date:	Aug. 20
Settlement date:	Aug. 23
Agents:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	1.5%
Cusip:	25154X439

© 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.