By Marisa Wong
Madison, Wis., Aug. 20 - Deutsche Bank AG, London Branch priced $2.64 million of 0% contingent absolute return autocallable optimization securities due Aug. 22, 2014 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 10.44% if Ford stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called and the final share price is greater than or equal to the trigger price, 80% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be fully exposed to the stock decline.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Contingent absolute return autocallable optimization securities
|
| Underlying stock: | Ford Motor Co. (Symbol: F)
|
| Amount: | $2,644,300
|
| Maturity: | Aug. 22, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to stock decline
|
| Call: | Par plus an annualized call premium of 10.44% if Ford stock closes at or above initial share price on any quarterly observation date
|
| Initial price: | $16.30
|
| Trigger price: | $13.04, 80% of initial price
|
| Pricing date: | Aug. 16
|
| Settlement date: | Aug. 21
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25155L715
|
© 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.
