By Susanna Moon
Chicago, Dec. 2 – Deutsche Bank AG, London Branch priced $1.41 million of phoenix autocallable securities due Nov. 25, 2016 linked to the worst performing of the common stocks of Amazon.com, Inc. and Microsoft Corp. and the class A common stock of Google, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 18% if each stock close at or above the barrier level, 75% of the initial share price, on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if each stock closes at or above the initial price on any quarterly observation date.
The payout at maturity will be par plus the contingent coupon unless any stock finishes below the 75% barrier level, in which case the payout will be a number of shares of the worst performing stock equal to $1,000 divided by the initial share price.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Phoenix autocallable securities
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| Underlying stocks: | Amazon.com, Inc. (Symbol: AMZN), Microsoft Corp. (Symbol: MSFT) and Google, Inc. (Symbol: GOOGL)
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| Amount: | $1.41 million
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| Maturity: | Nov. 25, 2016
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| Coupon: | 18%, payable quarterly if each stock closes at or above barrier price on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if each stock finishes at or above barrier level; otherwise, number of shares of worst performing stock equal to $1,000 divided by the initial share price
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| Call: | At par plus contingent coupon if shares close at or above initial price on any quarterly observation date
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| Initial levels: | $668.45 for Amazon, $54.19 for Microsoft and $777.00 for Google
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| Barrier levels: | 75% of initial levels
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| Pricing date: | Nov. 20
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| Settlement date: | Nov. 25
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| Agent: | Deutsche Bank Securities Inc.
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| Fees: | 1%
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| Cusip: | 25152RU27
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