Published on 5/7/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $4.21 million autocallables linked to currencies versus yen
By Angela McDaniels
Tacoma, Wash., May 7 - Deutsche Bank AG, London Branch priced $4.21 million of 0% autocallable securities due May 7, 2015 linked to the performance of a basket of currencies relative to the Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Mexican peso, the Brazilian real and the Chilean peso. The basket return will be positive if the basket currencies, as a whole, strengthen relative to the yen.
The notes will be called at par plus an annualized call premium of 17.6% if the basket return is greater than or equal to zero on Nov. 4, 2013, May 6, 2014, Nov. 4, 2014 or May 4, 2015.
If the notes are not called and the final basket return is greater than or equal to negative 20%, the payout at maturity will be par. Investors will be fully exposed to losses from the initial level if the final basket return is less than negative 20%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying currencies: | Mexican peso, Brazilian real and Chilean peso, equally weighted and measured relative to Japanese yen
|
| Amount: | $4, 206,000
|
| Maturity: | May 7, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if final basket return is greater than or equal to negative 20%; full exposure to losses from initial level if final basket return is less than negative 20%
|
| Call: | Automatically at par plus annualized call premium of 17.6% if basket return is greater than or equal to zero on Nov. 4, 2013, May 6, 2014, Nov. 4, 2014 or May 4, 2015
|
| Initial spot rates: | 8.1814 for Mexican peso, 49.1603 for real and 0.2108 for Chilean peso
|
| Pricing date: | May 3
|
| Settlement date: | May 8
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 25152RCP6
|
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