By Marisa Wong
Madison, Wis., June 11 - Deutsche Bank AG, London Branch priced $2.04 million of 8.4% airbag autocallable yield optimization notes due June 13, 2014 linked to the class A common stock of Health Management Associates, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be automatically called at par if the closing share price is greater than or equal to the initial share price on any quarterly observation date beginning Sept. 6.
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 Health Management shares equal to $1,000 divided by the conversion price. The conversion price is 80% of the initial share 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 stock: | Health Management Associates, Inc. (NYSE: HMA)
|
| Amount: | $2,039,000
|
| Maturity: | June 13, 2014
|
| Coupon: | 8.4%
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case 89.2061 Health Management shares
|
| Call: | Automatically at par if closing share price is greater than or equal to initial share price on any quarterly observation date beginning Sept. 6
|
| Initial price: | $14.01
|
| Conversion price: | $11.21, 80% of initial price
|
| Pricing date: | June 7
|
| Settlement date: | June 13
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25155H359
|
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