By Marisa Wong
Morgantown, W.Va., Jan. 20 – Deutsche Bank AG, London Branch priced $11.4 million of 0% capped buffered underlying securities due Oct. 19, 2017 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 index gain, subject to a maximum return of 21.5%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped buffered underlying securities
|
| Underlying index: | Russell 2000
|
| Amount: | $11.4 million
|
| Maturity: | Oct. 19, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 21.5%; par if index declines by 20% or less; 1.25% loss per 1% drop beyond 20%
|
| Initial level: | 1,025.667 (closing index level on Jan. 14)
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 21
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
| Cusip: | 25152RZG1
|
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