By Jennifer Chiou
New York, Oct. 17 - Deutsche Bank AG, London Branch priced $953,000 of 0% contingent absolute return autocallable optimization securities due Oct. 21, 2013 to the American Depositary Shares of Itaś Unibanco Holdings SA, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 10.8% if Itau Unibanco ADSs close at or above the initial share price on any quarterly observation date.
If the notes are not called and the final price is greater than or equal to the trigger price, 70% of the initial price, the payout at maturity will be par plus the absolute value of the ADS return. 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: | Contingent absolute return autocallable optimization securities
|
| Underlying ADS: | Itaś Unibanco Holdings SA (NYSE: ITUB)
|
| Amount: | $953,000
|
| Maturity: | Oct. 21, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to stock decline
|
| Call: | At par plus 10.8% per year if Itau Unibanco ADSs close at or above initial share price on any quarterly observation date
|
| Initial price: | $14.54
|
| Trigger price: | $10.18, 70% of initial price
|
| Pricing date: | Oct. 12
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| Settlement date: | Oct. 17
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25154X132
|
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