By Jennifer Chiou
New York, Dec. 18 - Deutsche Bank AG, London Branch priced $1,722,000 of 7.15% airbag autocallable yield optimization notes due Dec. 19, 2014 linked to American Depositary Shares of Cemex, SAB de CV, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par plus the coupon if the ADSs closes at or above the initial price on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless the final price is less than the conversion price, in which case the payout will be a number of Cemex ADSs equal to $1,000 divided by the conversion price. The conversion price is 80% of the initial price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying ADS: | Cemex, SAB de CV (NYSE: CX)
|
| Amount: | $1,722,000
|
| Maturity: | Dec. 19, 2014
|
| Coupon: | 7.15%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case Cemex ADSs equal to $1,000 divided by the conversion price
|
| Call: | At par plus accrued interest if Cemex ADSs close at or above initial price on quarterly call date
|
| Initial price: | $11.43
|
| Conversion price: | $9.14, 80% of initial share price
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 18
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25155G724
|
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