By Marisa Wong
Madison, Wis., May 30 - Deutsche Bank AG, London Branch priced $6.09 million of trigger phoenix autocallable notes due May 31, 2019 linked to the common stock of General Electric Co., according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a monthly contingent coupon at the rate of 6% per year if GE shares close at or above the coupon barrier, 75.99% of the initial share price, on the observation date for that month. Otherwise, no coupon will be paid 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 plus the contingent coupon.
If the notes are not called and the shares finish at or above the trigger price, 75.99% of the initial share price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying stock: | General Electric Co. (Symbol: GE)
|
| Amount: | $6,093,800
|
| Maturity: | May 31, 2019
|
| Coupon: | 6%, 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 General Electric shares finish at or above trigger price; otherwise, par plus stock return
|
| Call: | At par plus contingent coupon if General Electric shares close at or above initial price on a monthly observation date beginning after one year
|
| Initial share price: | $26.66
|
| Trigger price: | $20.26, 75.99% of initial price
|
| Pricing date: | May 28
|
| Settlement date: | May 30
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 25155Q326
|
© 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.
