By Jennifer Chiou
New York, Sept. 21 - Deutsche Bank AG, London Branch priced $3 million of 10.1% autocallable securities due Sept. 24, 2013 linked to the common stocks of Goldman Sachs Group, Inc. and Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if both stocks close at or above their initial prices on any monthly observation date.
A knock-in event occurs if the final level of either stock is below 60% of its initial level on the final valuation date.
If a knock-in event never occurs, the payout at maturity will be par.
If a knock-in event occurs, investors will receive par plus the return of the worst-performing stock.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying stocks: | Halliburton Co. (Symbol: HAL) and Goldman Sachs Group, Inc. (Symbol: GS)
|
| Amount: | $3 million
|
| Maturity: | Sept. 24, 2013
|
| Coupon: | 10.1% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either stock falls below 60% of its initial level on final valuation date, in which case par plus return of worst-performing stock
|
| Initial prices: | $36.25 for Halliburton, $119.66 for Goldman
|
| Knock-in level: | $21.75 for Halliburton, $71.80 for Goldman; 60% of initial prices
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| Call option: | At par if both stocks close at or above their initial levels on a monthly call date
|
| Pricing date: | Sept. 19
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| Settlement date: | Sept. 24
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| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1LT6
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