By Susanna Moon
Chicago, Feb. 27 - Deutsche Bank AG, London Branch priced $2.61 million of 6.8% annualized airbag autocallable yield optimization notes due Feb. 28, 2014 linked to the American depositary shares of Brazilian Petroleum Corp. - Petrobras, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
If Petrobras shares close above its initial share price on any quarterly review date, the notes will be called at par plus the coupon.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Petrobras shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | Brazilian Petroleum Corp. - Petrobras (NYSE: PBR)
|
| Amount: | $2,613,000
|
| Maturity: | Feb. 28, 2014
|
| Coupon: | 6.8%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If final share price is less than conversion price, number of Petrobras shares equal to $1,000 divided by conversion price; otherwise, par
|
| Call: | At par plus coupon if Petrobras shares close above its initial share price on any quarterly review date
|
| Initial share price: | $15.26
|
| Conversion price: | $12.97, 85% of initial share price
|
| Pricing date: | Feb. 22
|
| Settlement date: | Feb. 28
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities
|
| Fees: | 1.5%
|
| Cusip: | 25154S232
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
