By Angela McDaniels
Tacoma, Wash., March 6 - Deutsche Bank AG, London Branch priced $3.91 million of 0% S&P plus tracker notes due Sept. 6, 2013 linked to a basket of indexes that includes the S&P 500 Total Return index and the Deutsche Bank Equity Mean Reversion Alpha index (Emerald), according to a 424B2 filing with the Securities and Exchange Commission.
The basket level on the pricing date was 100. On any subsequent day, the basket level is 100 plus the return of the S&P 500 Total Return plus 2.25 times the return of the Emerald index. The return of each index is reduced by an adjustment factor, which is a flat 0.32% for the S&P 500 Total Return and 1% per year for the Emerald index.
The payout at maturity will be par multiplied by the quotient of the final basket level divided by the initial basket level.
The notes will be called at par plus the basket return if the basket level falls below 40.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | S&P plus tracker notes
|
| Underlying indexes: | S&P 500 Total Return index and Deutsche Bank Equity Mean Reversion Alpha index (Emerald)
|
| Amount: | $3.91 million
|
| Maturity: | Sept. 6, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par multiplied by quotient of final basket level divided by initial basket level
|
| Call: | At par plus basket return if basket level falls below 40
|
| Initial index levels: | 2,360.28 for S&P 500 Total Return and 207.04 for Emerald
|
| Basket level: | On any day, 100 plus S&P 500 Total Return index return on that day and 225% of Emerald index return; returns reduced by adjustment factor of flat 0.32% for S&P 500 Total Return and 1% per year for Emerald
|
| Pricing date: | March 2
|
| Settlement date: | March 7
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.5%
|
| Cusip: | 2515A1HC8
|
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