By Susanna Moon
Chicago, Dec. 18 - Deutsche Bank AG, London Branch priced $4.97 million of trigger phoenix autocallable optimization securities due Dec. 19, 2013 linked to the common stock of Caterpillar Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Caterpillar stock closes at or above the trigger price - 80% of the initial share price - on a quarterly observation date, the issuer will pay a contingent coupon for that quarter at the rate of 10.8% per year.
The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on a quarterly observation date.
If the notes are not called and Caterpillar shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying stock: | Caterpillar Inc. (Symbol: CAT)
|
| Amount: | $4,967,200
|
| Maturity: | Dec. 19, 2013
|
| Coupon: | 10.8% per year, payable quarterly if stock closes at or above trigger price on observation date for that quarter
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus contingent coupon if Caterpillar shares finish at or above trigger price; otherwise, par plus stock return
|
| Call: | At par plus contingent coupon if Caterpillar shares close at or above initial price on a quarterly observation date
|
| Initial share price: | $89.00
|
| Trigger price: | $71.20, 80% of initial share price
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 19
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25154S 49 7
|
© 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.
