By Jennifer Chiou
New York, April 16 - Deutsche Bank AG, London Branch priced $1,950,410 of trigger phoenix autocallable optimization securities due April 17, 2019 linked to Cabot Oil & Gas Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 8% if the price of Cabot Oil stock closes at or above the 66% trigger price on the observation date for that month.
If the stock closes at or above the initial price on any monthly observation date after one year, the notes will be called at par of $10 plus the contingent coupon.
If the notes are not called and the Cabot Oil share price finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be exposed to losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying stock: | Cabot Oil & Gas Corp. (Symbol: COG)
|
| Amount: | $1,950,410
|
| Maturity: | April 17, 2019
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| Coupon: | 8%, payable monthly if stock closes at or above trigger price on observation date for that month
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus contingent coupon if Cabot Oil shares finish at or above trigger price; otherwise, par plus stock return
|
| Call: | At par plus contingent coupon if Cabot Oil shares close at or above initial price on a monthly observation date beginning after one year
|
| Initial share price: | $32.41
|
| Trigger price: | $21.39, 66% of initial price
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| Pricing date: | April 11
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| Settlement date: | April 16
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| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 25155Q763
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