By Marisa Wong
Morgantown, W.Va., Sept. 4 – Deutsche Bank AG, London Branch priced $6.72 million of 0% autocallable market-linked step-up notes due Aug. 31, 2018 tied to the Nikkei Stock Average index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annual call premium of 9.5% if the index closes at or above the initial level on any annual call date.
If the index finishes above the step-up level – 156.5% of the initial value – the payout at maturity will be par plus the index return.
If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 56.5%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying index: | Nikkei Stock Average
|
| Amount: | $6,720,560
|
| Maturity: | Aug. 31, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above step-up level, par plus gain; if index gains up to step-up value, par plus 56.5%; exposure to any losses
|
| Call: | At par plus 9.5% per year if index closes at or above initial level on Sept. 2, 2016 or Aug. 18, 2017
|
| Initial level: | 18,574.44
|
| Step-up level: | 156.5% of initial level
|
| Pricing date: | Aug. 27
|
| Settlement date: | Sept. 3
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 25190J410
|
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