By Marisa Wong
Madison, Wis., Jan. 23 - Deutsche Bank AG, London Branch priced $5.63 million of 0% return enhanced notes due Feb. 4, 2014 linked to the Hang Seng China Enterprises index and the Hong Kong dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, capped at 28.4%. Investors will be exposed to any losses.
The initial index level is equal to the closing level of the index on the pricing date multiplied by the spot rate on the pricing date.
The final level will equal the average of the closing index levels for the five trading days ending Jan. 29, 2014 multiplied by the final spot rate, which is the average of the spot rates for the five averaging dates.
J.P. Morgan Securities LLC is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Return enhanced notes
|
| Underlying index: | Hang Seng China Enterprises
|
| Underlying currency: | Hong Kong dollar
|
| Amount: | $5,625,000
|
| Maturity: | Feb. 4, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 28.4%; exposure to losses
|
| Initial spot rate: | 0.128984
|
| Initial level: | 1,561.442815 (closing index level on pricing date of 12,105.71 multiplied by initial spot rate)
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 25152RBF9
|
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