By Marisa Wong
Madison, Wis., May 2 - Deutsche Bank AG, London Branch priced $1.51 million of 0% buffered knock-in securities due July 6, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event occurs if the index closes at or below the knock-in level on any day from the pricing date to and including Oct. 30, 2014. The knock-in level will be 95% of the initial level.
If the final level is greater than the initial level and a knock-in event has occurred, the payout at maturity will be par plus double the index return.
If the final level is greater than the initial level and a knock-in event has not occurred, the payout will be par plus the index return.
If the index falls by up to the buffer amount, 4%, the payout will be par.
If the index falls by more than the buffer, investors will lose 1.0417% for every 1% decline beyond the buffer.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered knock-in securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,506,000
|
| Maturity: | July 6, 2016
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If final level is greater than initial level and a knock-in event has occurred, plus double index return; if final level is greater than initial level and a knock-in event has not occurred, par plus index return; if index falls by up to 4%, par; if index falls by more than buffer, investors will lose 1.0417% for every 1% decline beyond buffer
|
| Knock-in event: | Index closes at or below knock-in level on any day from pricing date to and including Oct. 30, 2014
|
| Initial level: | 3,198.39
|
| Knock-in level: | 3,038.47, 95% of initial level
|
| Pricing date: | April 30
|
| Settlement date: | May 6
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 1%
|
| Cusip: | 25152RJZ7
|
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