By Toni Weeks
San Diego, Feb. 25 - Deutsche Bank AG, London Branch priced $1.84 million of 0% trigger step performance securities due Feb. 28, 2013 linked to the performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket includes the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.
If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par of $10 plus the greater of the basket return and 22%.
If the basket level declines by 15% or less, the payout will be par.
If the basket level declines by more than 15%, the payout will be par plus the basket return.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Duetsche Bank AG, London Branch
|
| Issue: | Trigger step performance securities
|
| Underlying currencies: | Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted and each relative to the dollar
|
| Amount: | $1,835,000
|
| Maturity: | Feb. 28, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus greater of basket return and 22% if final basket level is greater than or equal to initial level; par if basket falls by 15% or less; par plus basket return if basket falls by more than 15%
|
| Initial exchange rates: | 1.672 for real, 29.2931 for ruble, 45.2 for rupee and 6.5828 for renminbi
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 25
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 25154P451
|
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