By Jennifer Chiou
New York, June 11 – Deutsche Bank AG, London Branch priced $1.25 million of 0% autocallable securities due June 24, 2015 linked to the performance of the Mexican peso relative to the Japanese yen, according to a 424B filing with the Securities and Exchange Commission.
The reference currency return will be positive if the peso appreciates relative to the Japanese yen.
If the currency performance on any observation date is flat or positive, the notes will be called at par plus an annualized call premium of 10%.
If the notes are not called and the currency return is greater than or equal to negative 11.1%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
The final spot rate will be the average of the spot rates on the five days ending June 19, 2015.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
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| Underlying currency: | Mexican peso relative to Japanese yen
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| Amount: | $1.25 million
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| Maturity: | June 24, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par if currency return is greater than or equal to negative 11.1%; otherwise, full exposure to losses from initial spot rate
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| Call: | At par plus 10% per year if currency performance on any observation date is flat or positive
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| Initial spot rate: | 7.953
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| Final spot rate: | Average of spot rates on five trading days ending June 19, 2015
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| Pricing date: | June 6
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| Settlement date: | June 11
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| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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| Fees: | 1%
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| Cusip: | 25152RKW2
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