Published on 3/20/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.74 million contingent absolute return autocallables linked to CSX
By Angela McDaniels
Tacoma, Wash., March 20 - Deutsche Bank AG, London Branch priced $3.74 million of 0% contingent absolute return autocallable optimization securities due March 22, 2013 linked to the common stock of CSX Corp., 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 10.75% if CSX stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called and the final share price is greater than or equal to the trigger price, 75% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be fully exposed to the stock 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 stock: | CSX Corp. (Symbol: CSX)
|
| Amount: | $3,736,740
|
| Maturity: | March 22, 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 10.75% per year if CSX stock closes at or above initial share price on June 18, 2012, Sept. 17, 2012, Dec. 17, 2012 or March 18, 2013
|
| Initial share price: | $22.25
|
| Trigger price: | $16.69, 75% of initial share price
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25154V698
|
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