By Susanna Moon
Chicago, Jan. 29 - Deutsche Bank AG, London Branch priced $6.24 million of 0% contingent absolute return autocallable optimization securities due Feb. 3, 2014 to Delta Air Lines, Inc. shares, 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 Delta shares close at or above the initial share price on any quarterly observation date.
If the notes are not called and the shares finish at or above the 70% trigger level, the payout at maturity will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
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: | Delta Air Lines, Inc. (Symbol: DAL)
|
| Amount: | $6,237,000
|
| Maturity: | Feb. 3, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is at or above trigger price, par plus absolute value of return; otherwise, full exposure to losses
|
| Call: | At par plus 10.75% per year if Delta shares close at or above initial share price on any quarterly observation date
|
| Initial price: | $14.17
|
| Trigger price: | $9.92, 70% of initial price
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 31
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25154S323
|
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