By Marisa Wong
Madison, Wis., March 19 - Deutsche Bank AG, London Branch priced $1.5 million of 0% securities due April 22, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
If the fund finishes at or above its initial level, the payout at maturity will be par plus the fund return, subject to a maximum return of 13.5%.
If the fund's final price is less than its initial price by up to 10%, the payout will be par plus the absolute value of the fund return.
If the fund's final price is less than its initial price by more than 10%, investors will lose 1.1111% for every 1% beyond the 10% buffer.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets
|
| Amount: | $1.5 million
|
| Maturity: | April 22, 2015
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus any fund gain, subject to maximum return of 13.5%; if fund falls by up to 10%, par plus absolute value of return; otherwise, 1.1111% loss for every 1% drop beyond 10% buffer
|
| Initial price: | $38.87
|
| Pricing date: | March 17
|
| Settlement date: | March 20
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | None
|
| Cusip: | 25152RJK0
|
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