By Jennifer Chiou
New York, Nov. 30 - Deutsche Bank AG, London Branch priced $6,606,000 of 8.7% airbag autocallable yield optimization notes due Dec. 6, 2013 linked to the common stock of Cummins Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be automatically called at par plus the coupon if Cummins stock closes at or above the initial share price on a quarterly observation date.
If the notes are not called, the payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Cummins shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | Cummins Inc. (NYSE: CMI)
|
| Amount: | $6,606,000
|
| Maturity: | Dec. 6, 2013
|
| Coupon: | 8.7%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If final share price is less than conversion price, number of Cummins shares equal to $1,000 divided by conversion price; otherwise, par
|
| Initial share price: | $100.08
|
| Conversion price: | $85.07, 85% of initial price
|
| Call: | At par plus coupon if Cummins stock closes at or above initial share price on quarterly observation date
|
| Pricing date: | Nov. 28
|
| Settlement date: | Nov. 30
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities
|
| Fees: | 1.5%
|
| Cusip: | 25154760
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
