By Angela McDaniels
Tacoma, Wash., April 1 - Deutsche Bank AG, London Branch priced $2.88 million of 0% securities due Oct. 2, 2014 linked to the lesser performing of the iShares MSCI EAFE index fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if either underlying closes below its threshold level, 75% of its initial level, on any day during the life of the notes.
If a knock-out event does not occur and the return of the lesser-performing underlying is zero or positive, the payout at maturity will be par plus 200% of the return of the lesser-performing component, subject to a maximum return of 41%.
If a knock-out event does not occur and the return of the lesser-performing underlying is negative, the payout will be par plus the absolute value of that return.
If a knock-out event occurs and the return of the lesser-performing underlying is zero or positive, the payout will be par plus that return, subject to a cap of 20.5%.
If a knock-out event occurs and the return of the lesser-performing underlying is negative, the payout will be par plus 1% minus the decline of the lesser-performing underlying.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlyings: | iShares MSCI EAFE index fund and Euro Stoxx 50 index
|
| Amount: | $2,879,000
|
| Maturity: | Oct. 2, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If knock-out event does not occur and return of lesser-performing underlying is zero or positive, par plus 200% of return of lesser-performing component, subject to 41% cap; if knock-out event does not occur and return of lesser-performing underlying is negative, par plus absolute value of that return; if knock-out event occurs and return of lesser-performing underlying is zero or positive, par plus lesser of that return and 20.5%; if knock-out event occurs and return of lesser-performing underlying is negative, par plus 1% minus decline of lesser-performing underlying
|
| Knock-out event: | Either underlying closes below its threshold level on any day during life of notes
|
| Initial levels: | $58.98 for ET and 2,624.02 for index
|
| Threshold levels: | $44.235 for ETF and 1,968.015 for index; 75% of initial levels
|
| Pricing date: | March 28
|
| Settlement date: | April 3
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
| Cusip: | 25152RCG6
|
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