Published on 6/11/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $449,834 10% trigger yield optimization notes tied to Ralph Lauren
By Toni Weeks
San Diego, June 11 - Deutsche Bank AG, London Branch priced $449,834 of 10% trigger yield optimization notes due June 13, 2013 linked to the common stock of Ralph Lauren Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The face amount of each note will be equal to the initial price of Ralph Lauren stock.
The payout at maturity will be par unless the final price of Ralph Lauren stock is less than 75% of the initial share price, in which case investors will receive one Ralph Lauren share per note.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Ralph Lauren Corp. (NYSE: RL)
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Amount: | $449,833.86
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Maturity: | June 13, 2013
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Coupon: | 10%, payable monthly
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Price: | Par of $144.27
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Payout at maturity: | If final share price is less than trigger price, one Ralph Lauren share; otherwise, par
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Initial share price: | $144.27
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Trigger price: | $108.20, 75% of initial price
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Pricing date: | June 7
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Settlement date: | June 12
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Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | 2%
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Cusip: | 25154X694
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