By Jennifer Chiou
New York, Aug. 27 - Deutsche Bank AG, London Branch priced $3.5 million of 0% airbag return optimization securities due Aug. 30, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 37.5%.
Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that the index declines beyond 20%.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Airbag return optimization securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3.5 million
|
| Maturity: | Aug. 30, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 37.5%; par if index declines by 20% or less; 1.25% loss per 1% drop beyond 20%
|
| Initial level: | 2,826.05
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 28
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 0.25%
|
| Cusip: | 25155L624
|
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