By Jennifer Chiou
New York, April 28 - Deutsche Bank AG, London Branch priced $19.49 million of 0% trigger autocallable optimization securities due April 30, 2012 linked to the Market Vectors Gold Miners exchange-traded fund, 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 18.04% if the fund's 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 80% of the initial share price, the payout at maturity will be par. Otherwise, the payout will be par plus the fund return.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying fund: | Market Vectors Gold Miners exchange-traded fund
|
| Amount: | $19,491,260
|
| Maturity: | April 30, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if final fund level is 80% or more of initial fund level; otherwise, par plus fund return
|
| Call: | At par plus annualized call return of 18.04% if fund closes at or above initial fund level on any of the monthly observation dates
|
| Initial price: | $61.56
|
| Trigger price: | $49.248, 80% of initial level
|
| Pricing date: | April 27
|
| Settlement date: | April 29
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.25%
|
| Cusip: | 25154W795
|
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