By Angela McDaniels
Tacoma, Wash., March 16 – Deutsche Bank AG, London Branch had $14.6 million of 0% Elements due Oct. 24, 2022 linked to the Morningstar Wide Moat Focus Total Return index outstanding as of Feb. 26. according to a 424B3 filing with the Securities and Exchange Commission.
In October 2007, the company sold $6 million of the notes and registered to sell up to $250 million in total. Additional notes have been and may continue to be offered from time to time.
The index is derived from 20 eligible companies that Morningstar determines have "wide moats," or a maintainable return on invested capital exceeding cost of capital and a sustainable competitive advantage.
The notes are putable at any time, subject to a minimum of $2.5 million principal amount.
The payout at maturity or upon redemption will be par of $10 plus the index return, less an investor fee of 0.75% per year.
The securities are listed on the NYSE Arca under the symbol "WMW."
Deutsche Bank Securities Inc. and BofA Merrill Lynch are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Elements
|
| Underlying index: | Morningstar Wide Moat Focus Total Return
|
| Amount: | $14.6 million, increased from $6 million
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus index return, less annual investor fee of 0.75%
|
| Put option: | At any time subject to minimum of $2.5 million; payout determined in same way as at maturity
|
| Initial index level: | 2,646.02
|
| Inception date: | Oct. 17, 2007
|
| Settlement date: | Oct. 23, 2007 (for $6 million)
|
| Agents: | Deutsche Bank Securities Inc. and BofA Merrill Lynch
|
| Listing: | NYSE Arca: WMW
|
| Cusip: | 25153Q708
|
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