By Angela McDaniels
Tacoma, Wash., Sept. 11 - Deutsche Bank AG, London Branch priced $158,200 of trigger phoenix autocallable optimization securities due Sept. 13, 2017 linked to the common stock of Celgene Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If Celgene stock closes at or above the trigger price - 70% of the initial share price - on a monthly observation date, the issuer will pay a contingent coupon for that month at the rate of 7.9% per year. Otherwise, no coupon will be paid that month.
After the first 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 monthly observation date.
If the notes are not called and Celgene shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. 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 phoenix autocallable optimization securities
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| Underlying stock: | Celgene Corp. (Symbol: CELG)
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| Amount: | $158,200
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| Maturity: | Sept. 13, 2017
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| Coupon: | 7.9% per year, payable monthly if stock closes at or above trigger price on observation date for that month
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus contingent coupon if Celgene shares finish at or above trigger price; otherwise, par plus stock return
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| Call: | Automatically at par plus contingent coupon if Celgene shares close at or above initial price on a monthly observation date beginning one year after settlement
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| Initial share price: | $75.44
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| Trigger price: | $52.81, 70% of initial share price
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| Pricing date: | Sept. 7
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| Settlement date: | Sept. 13
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| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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| Fees: | 2.5%
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| Cusip: | 25154X314
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