By Marisa Wong
Madison, Wis., Jan. 12 - Deutsche Bank AG, London Branch priced $4 million of 0% trigger autocallable optimization securities due Jan. 18, 2012 linked to the common stock of VMware, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus an annualized call return of 30.5% if VMware shares close at or above the initial share price on any of 12 monthly observation dates.
If the notes are not called and the final share price is greater than or equal to 75% of the initial share price, the payout at maturity will be par. Otherwise, the payout will be par plus the stock return.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying stock: | VMware, Inc. (Symbol: VMW)
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Amount: | $4 million
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Maturity: | Jan. 18, 2012
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final share price is at or above trigger price, par; otherwise, par plus the stock return
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Call: | At par plus 30.5% per year if shares close at or above initial price on any of 12 monthly observation dates
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Initial price: | $95.70
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Trigger price: | $71.78, 75% of initial share price
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Pricing date: | Jan. 10
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Settlement date: | Jan. 14
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Agent: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | 1.25%
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Cusip: | 25154P527
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