By Toni Weeks
San Luis Obispo, Calif., Nov. 25 – Deutsche Bank AG, London Branch priced $5 million of 0% capped buffered notes due Nov. 27, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 36.5%.
If the index return is negative but greater than or equal to negative 10%, the payout will be par plus the index return.
If the index return is less than negative 10% but greater than or equal to negative 30%, the payout will be 90% of par, or $900 per $1,000 principal amount of notes.
If the index return is less than negative 30%, investors will lose 1% for each 1% index decline beyond 20%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $5 million
|
| Maturity: | Nov. 27, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, up to a maximum return of 36.5%; if index return is negative but greater than or equal to negative 10%, par plus the index return; if index return is less than negative 10% but greater than or equal to negative 30%, 90% of par; if index return is less than negative 30%, 1% loss for each 1% index decline beyond 20%
|
| Initial index level: | 2,063.5
|
| Pricing date: | Nov. 21
|
| Settlement date: | Nov. 26
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 1.45%
|
| Cusip: | 25152RSZ7
|
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