By Marisa Wong
Madison, Wis., May 16 - Deutsche Bank AG, London Branch priced $12.25 million of 0% capped buffered underlying securities due Jan. 20, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any gain in the index, up to a maximum return of 15.6%.
Investors will receive par if the index falls by up to 15% and will lose 1.17647% for every 1% decline beyond 15%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped buffered underlying securities
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Underlying index: | Russell 2000
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Amount: | $12.25 million
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Maturity: | Jan. 20, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 15.6%; par if index declines by 15% or less; 1.17647% loss per 1% drop beyond 15%
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Initial level: | 1,103.139
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Pricing date: | May 14
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Settlement date: | May 19
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Agent: | Deutsche Bank Securities Inc.
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Fees: | None
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Cusip: | 25152RKE2
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