By Susanna Moon
Chicago, March 9 - Deutsche Bank AG, London Branch priced $2 million of 10% yield optimization notes with contingent protection due March 11, 2011 based on the performance of IntercontinentalExchange Inc. shares, 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 $109.44, which was IntercontinentalExchange's closing stock price on the pricing date.
The payout at maturity will be par unless the final price of IntercontinentalExchange stock is less than 80% of the initial price, in which case investors will receive one IntercontinentalExchange share per note.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | IntercontinentalExchange Inc. (Symbol: ICE)
|
| Amount: | $1,995,310.08
|
| Maturity: | March 11, 2011
|
| Coupon: | 10%, payable monthly
|
| Price: | Par of $109.44
|
| Payout at maturity: | If IntercontinentalExchange stock finishes below the trigger price, one IntercontinentalExchange share per note; otherwise, par
|
| Initial share price: | $109.44
|
| Trigger price: | $87.55, or 80% of initial price
|
| Pricing date: | March 5
|
| Settlement date: | March 10
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 25154N662
|
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