By Angela McDaniels
Tacoma, Wash., April 3 - Deutsche Bank AG, London Branch priced $4 million of 0% trigger autocallable optimization securities due April 10, 2013 linked to the common stock of Riverbed Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 35% per year if Riverbed shares close at or above the initial share price on any monthly observation date.
If the notes are not called and Riverbed shares finish at or above the trigger price, 65% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying stock: | Riverbed Technology, Inc. (Symbol: )
|
| Amount: | $4 million
|
| Maturity: | April 10, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par if Riverbed shares finish at or above trigger price; otherwise, full exposure to share price decline
|
| Call: | Automatically at par plus 35% per year if Riverbed shares close at or above initial share price on any monthly observation date
|
| Initial share price: | $28.08
|
| Trigger price: | $18.25, 65% of initial share price
|
| Pricing date: | March 30
|
| Settlement date: | April 4
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.25%
|
| Cusip: | 25154V490
|
© 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.
