By Susanna Moon
Chicago, Jan. 23 - Deutsche Bank AG, London Branch priced $2.58 million of 0% accelerated return securities due July 21, 2016 linked to the iShares MSCI EAFE index fund, according to a 424B filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.3 times any gain in the fund, up to a maximum payment of $1,115 per $1,000 principal amount.
Investors will receive par if the fund falls by up to 30% and will be fully exposed to any losses if the fund falls below the 70% trigger level.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Accelerated return securities
|
| Underlying fund: | iShares MSCI EAFE index fund
|
| Amount: | $2.58 million
|
| Maturity: | July 21, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 130% of any gain, capped at 11.5%; par for losses up to 30%; full exposure to losses if fund drops below trigger level
|
| Initial level: | $58.15
|
| Trigger level: | $40.71, 70% of initial level
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 24
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 25152RBG7
|
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