By Angela McDaniels
Tacoma, Wash., Feb. 7 - Deutsche Bank AG, London Branch priced $12 million of 0% enhanced participation securities due Aug. 5, 2011 linked to the Euro Stoxx 50 index and the euro, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying return is positive, the payout at maturity will be par plus two times the return, subject to a maximum return of 25.4%. If the underlying return is negative, investors will be fully exposed to the decline.
The underlying return will be (a) the index return multiplied by the currency multiplier (b) minus one. The index return will be the final index level divided by the initial index level. The currency multiplier will be the final spot rate of the euro relative to the dollar divided by the initial spot rate.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Enhanced participation securities
|
| Underlyings: | Euro Stoxx 50 and euro
|
| Amount: | $12 million
|
| Maturity: | Aug. 5, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times the underlying return if the underlying return is positive, up to maximum return of 25.5%; par plus the underlying return if the underlying return is negative; underlying return is equal to (a) the index return multiplied by the currency multiplier (b) minus one
|
| Initial index level: | 2,995.49
|
| Initial spot rate: | 1.3631 dollars per euro
|
| Pricing date: | Feb. 3
|
| Settlement date: | Feb. 8
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
| Cusip: | 2515A13S8
|
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