By Marisa Wong
Madison, Wis., May 18 – Deutsche Bank AG, London Branch priced $2 million of 5.5% autocallable securities due Nov. 17, 2016 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be automatically called at par plus the coupon if each underlying closes at or above its initial level on any quarterly observation date.
If the notes are not called and the final level of the lower-performing underlying is at least 80% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% decline of the lower-performing underlying from its initial level.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
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| Underlyings: | Russell 2000 and iShares MSCI EAFE ETF
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| Amount: | $2 million
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| Maturity: | Nov. 17, 2016
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| Coupon: | 5.5%, payable quarterly
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| Price: | Par
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| Payout at maturity: | If final level of lower-performing underlying is at least 80% of its initial level, par; otherwise, 1.25% loss for every 1% decline of lower-performing underlying from its initial level
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| Call: | At par plus the coupon if each underlying closes at or above its initial level on any quarterly observation date
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| Initial levels: | 1,245.106 for index, $68.34 for ETF
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| Pricing date: | May 14
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| Settlement date: | May 19
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| Agent: | Deutsche Bank Securities Inc.
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| Fees: | 0.05%
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| Cusip: | 25152RF65
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