New Issue: Deutsche Bank prices $677,000 trigger autocallable optimization notes on General Motors

By Toni Weeks

San Luis Obispo, Calif., Oct. 22 - Deutsche Bank AG, London Branch priced $677,000 of 0% trigger autocallable optimization securities due Oct. 24, 2018 linked to the common stock of General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.

Beginning one year after issuance, the notes will be called at par of $10 plus a call return of 9% per year if the stock closes 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 trigger price, 61.5% of the initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline in the share 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:	General Motors Co. (Symbol: GM)
Amount:	$677,000
Maturity:	Oct. 24, 2018
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par if General Motors shares finish at or above trigger price; otherwise, par plus stock return
Call:	At par plus 9% per year if General Motors shares close at or above initial price on any quarterly observation date beginning Oct. 27, 2014
Initial share price:	$35.89
Trigger price:	$22.07, 61.5% of initial price
Pricing date:	Oct. 18
Settlement date:	Oct. 23
Underwriters:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	2.5%
Cusip:	25155L152

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