By Jennifer Chiou
New York, Dec. 20 - Deutsche Bank AG, London Branch priced $1.22 million of 0% digital return notes due Dec. 27, 2013 linked to the Chilean peso relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency finishes above the initial level, the payout at maturity will be par plus the digital return of 14%.
Investors will receive par if the currency falls by up to 15% and will be fully exposed to all losses if the currency falls below the 85% trigger level.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Digital return notes
|
| Underlying currency: | Chilean peso
|
| Amount: | $1.22 million
|
| Maturity: | Dec. 27, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If currency return is positive, par plus 14%; par for losses up to 15%; full exposure to losses beyond buffer
|
| Initial rate: | 474.15
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 19
|
| Placement agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 25152RAR4
|
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