New Issue: Deutsche prices $1.76 million autocallable optimization securities on Financial Select SPDR

By Jennifer Chiou

New York, Nov. 23 - Deutsche Bank AG, London Branch priced $1.76 million of 0% autocallable optimization securities with contingent protection due Nov. 25, 2015 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund shares close at or above the initial price on any of the quarterly observation dates, the notes will be called automatically and investors will receive par of $10 plus an annualized return of 10%.

If the notes are not called, the payout at maturity will be par if the fund finishes at or above 60% of the initial price. Otherwise, investors will be fully exposed to the decline.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable optimization securities with contingent protection
Underlying fund:	Financial Select Sector SPDR fund
Amount:	$1,762,490
Maturity:	Nov. 25, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the fund finishes at or above trigger price, par; otherwise, par plus return
Call:	At par plus annualized call premium of 10% if fund closes at or above initial price on any of the quarterly observation dates
Initial level:	$14.84
Trigger level:	$8.90, 60% of initial level
Pricing date:	Nov. 19
Settlement date:	Nov. 24
Underwriters:	UBS Financial Services Inc. and Barclays Capital Inc.
Fees:	2.5%
Cusip:	25154P808

© 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.