By Angela McDaniels
Tacoma, Wash., Nov. 17 - Deutsche Bank AG, London Branch priced $2.72 million of 10% yield optimization notes with contingent protection due Nov. 18, 2011 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Interest is payable monthly.
Each note has a face amount of $15.98, which is equal to the closing price of Bank of America stock on the pricing date.
If the final share price of Bank of America stock is less than 65% of the initial share price, the payout at maturity will be one Bank of America share per note. Otherwise, the payout will be par.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Bank of America Corp. (Symbol: BAC)
|
| Amount: | $2,715,306
|
| Maturity: | Nov. 18, 2011
|
| Coupon: | 10%, payable monthly
|
| Price: | Par of $15.98
|
| Payout at maturity: | If Bank of America stock finishes below trigger price, one Bank of America share per note; otherwise, par
|
| Initial share price: | $15.98
|
| Trigger price: | $10.387, 65% of initial price
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 18
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2.75%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
