Published on 11/20/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $7.84 million 9.16% airbag yield optimization notes on MetLife
By Susanna Moon
Chicago, Nov. 20 - Deutsche Bank AG, London Branch priced $7.84 million of 9.16% annualized airbag yield optimization notes due Nov. 22, 2013 linked to MetLife Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless the stock finishes below the 85% conversion level, in which case the payout will be a number of MetLife shares equal to $1,000 divided by the conversion price.
UBS Financial Services Inc. and Deutsche Bank Securities are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Airbag yield optimization notes
|
| Underlying stock: | MetLife Inc. (Symbol: MET)
|
| Amount: | $7,836,000
|
| Maturity: | Nov. 22, 2013
|
| Coupon: | 9.16%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If final share price is less than conversion price, number of MetLife shares equal to $1,000 divided by conversion price; otherwise, par
|
| Initial share price: | $31.56
|
| Conversion price: | $26.83, 85% of initial share price
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 21
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities
|
| Fees: | 1.5%
|
| Cusip: | 25154S794
|
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