By Susanna Moon
Chicago, Oct. 13 - Deutsche Bank AG, London Branch priced $7.67 million of 0% autocallable optimization securities with contingent protection due Oct. 17, 2011 based on the common stock of Weatherford International Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
If Weatherford stock closes at or above the initial share price on any of 12 monthly observation dates, the notes will be called and investors will receive par of $10 plus an annualized call return of 23%.
The payout at maturity will be par if the stock finishes at or above 70% of the initial share price. Otherwise, investors will be fully exposed to the share price decline.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable optimization securities with contingent protection
|
| Underlying stock: | Weatherford International Ltd. (Symbol: WFT)
|
| Amount: | $7,666,870
|
| Maturity: | Oct. 17, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par if final share price is at or above trigger price; otherwise, full exposure to losses
|
| Call: | At par plus 23% per year if Weatherford stock closes at or above initial share price on any of 12 monthly observation dates
|
| Initial share price: | $17.65
|
| Trigger price: | $12.36, 70% of initial share price
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 14
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.25%
|
| Cusip: | 25154N167
|
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