New Issue: Deutsche Bank prices $4.61 million trigger autocallables linked to Dow Chemical

By Susanna Moon

Chicago, Aug. 6 - Deutsche Bank AG, London Branch priced $4.61 million 0% trigger autocallable optimization securities due Aug. 8, 2018 linked to Dow Chemical Co. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call return of 11% if Dow shares close at or above the initial share price on any quarterly observation date after one year.

If the notes are not called, the payout at maturity will be par unless the stock finishes below the 52.35% trigger level, in which case 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:	Trigger autocallable optimization securities
Underlying stock:	Dow Chemical Co. (NYSE: DOW)
Amount:	$4,605,990
Maturity:	Aug. 8, 2018
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par if Dow Chemical shares finish at or above trigger price; otherwise, full exposure to share price decline
Call:	At par plus 11% per year if Dow Chemical shares close at or above initial share price on any quarterly observation date
Initial share price:	$36.22
Trigger price:	$18.96, 52.35% of initial price
Pricing date:	Aug. 2
Settlement date:	Aug. 7
Underwriters:	UBS Financial Services Inc. and Deutsche Bank Securities Inc.
Fees:	1.5%
Cusip:	25155L814

© 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.