By Toni Weeks
San Luis Obispo, Calif., Dec. 12 - Deutsche Bank AG, London Branch priced $1.95 million of 0% autocallable securities due June 15, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the shares close at or above the initial price on a semiannual call date after one year, the notes will be called at par plus an annualized call premium of 9% per year.
If the notes are not called and the shares finish at or above 85% of the initial level, the payout at maturity will be par.
If the shares finish below the 85% trigger price, investors will lose 1.17647% for every 1% share price decline beyond 15%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1.95 million
|
| Maturity: | June 15, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If shares finish at or above 85% of initial price, par; otherwise, 1.17647% loss for every 1% decline beyond 15%
|
| Call: | Automatically at par plus 9% annualized call premium if shares close at or above initial price on any semiannual observation date beginning Dec. 15, 2014
|
| Initial price: | $42.02
|
| Trigger price: | 85% of the initial price
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 13
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.25%
|
| Cusip: | 25152RGN7
|
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