Published on 5/21/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $9.06 million autocallable securities linked to three currencies vs. yen
By Jennifer Chiou
New York, May 21 - Deutsche Bank AG, London Branch priced $9,059,000 of 0% autocallable securities due May 21, 2015 linked to the performance of a basket of currencies relative to the Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket currencies are the Mexican peso, the Brazilian real and the Chilean peso.
The notes will be called at par plus an annualized call return of 15.6% if the basket closes at or above the initial basket level on Nov. 18, 2013, May 20, 2014, Nov. 19, 2014 or May 18, 2015.
If the notes are not called and the basket's final level is less than the initial basket level by no more than 20%, the payout at maturity will be par. Otherwise, investors will be fully exposed to losses from the initial basket level to the final basket level.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying currencies: | Mexican peso, Brazilian real and Chilean peso, equally weighted and measured relative to Japanese yen
|
| Amount: | $9,059,000
|
| Maturity: | May 21, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if basket's final level is less than initial basket level by no more than 20%; otherwise, full exposure to decline in basket from initial level to final level
|
| Call: | Automatically at par plus annualized call return of 15.6% if basket closes at or above initial basket level on Nov. 18, 2013, May 20, 2014, Nov. 19, 2014 or May 18, 2015
|
| Initial spot rates: | 8.3645 for Mexican peso, 50.592 for real, 0.2144 for Chilean peso
|
| Pricing date: | May 17
|
| Settlement date: | May 22
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.5%
|
| Cusip: | 25152RCY7
|
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