By Toni Weeks
San Luis Obispo, Calif., July 7 – Deutsche Bank AG, London Branch priced $5.6 million of 10.5% airbag autocallable yield optimization notes due July 9, 2015 linked to the common stock of Nimble Storage, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called automatically at par if Nimble Storage shares close at or above the initial share price on any quarterly observation date.
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 Nimble Storage shares equal to $1,000 divided by the conversion price. The conversion price is 65% 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: | Nimble Storage, Inc. (NYSE: NMBL)
|
| Amount: | $5.6 million
|
| Maturity: | July 9, 2015
|
| Coupon: | 10.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If final price is less than conversion price, Nimble Storage shares equal to $1,000 divided by the conversion price; otherwise, par
|
| Call: | At par if Nimble Storage shares close at or above initial share price on any quarterly observation date
|
| Initial price: | $29.63
|
| Conversion price: | $19.26, 65% of initial price
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| Pricing date: | July 2
|
| Settlement date: | July 8
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| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25155V614
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