By Jennifer Chiou
New York, April 17 - Deutsche Bank AG, London Branch priced $356,000 of 0% contingent absolute return autocallable optimization securities due April 19, 2013 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 10.5% if the exchange-traded fund's shares close 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 ETF return. Otherwise, investors will be fully exposed to the ETF 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 fund: | Market Vectors Gold Miners exchange-traded fund
|
| Amount: | $356,000
|
| Maturity: | April 19, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus absolute value of ETF return if the notes are not called and the final share price is greater than or equal to the trigger price; otherwise, full exposure to ETF decline
|
| Call: | At par plus annualized 10.5% if fund's shares close at or above the initial share price on any quarterly observation date
|
| Initial price: | $47.50
|
| Trigger price: | $35.63, 75% of initial price
|
| Pricing date: | April 13
|
| Settlement date: | April 18
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25154V458
|
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