Published on 5/30/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1.6 million contingent absolute return autocallables on Oil Service
By Angela McDaniels
Tacoma, Wash., May 30 - Deutsche Bank AG, London Branch priced $1.6 million of 0% contingent absolute return autocallable optimization securities due June 5, 2013 linked to the Market Vectors Oil Service exchange-traded fund, 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 13% if the ETF'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 ETF: | Market Vectors Oil Service ETF
|
| Amount: | $1,598,500
|
| Maturity: | June 5, 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 ETF return; otherwise, full exposure to ETF decline
|
| Call: | At par plus 13% per year if ETF closes at or above initial share price on Aug. 29, 2012, Nov. 28, 2012, March 1, 2013 or May 30, 2013
|
| Initial share price: | $37.56
|
| Trigger price: | $28.17, 75% of initial share price
|
| Pricing date: | May 29
|
| Settlement date: | May 30
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25154X850
|
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