By Susanna Moon
Chicago, Sept. 17 – Deutsche Bank AG, London Branch priced $1.41 million of airbag phoenix autocallable optimization notes due March 18, 2016 linked to Silver Wheaton Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 9.4% if the stock closes at or above the 80% coupon barrier level on an observation date for that month.
The notes will be called at par if Silver Wheaton 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 Silver Wheaton shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Airbag phoenix autocallable optimization notes
|
| Underlying stock: | Silver Wheaton Corp. (Symbol: SLW)
|
| Amount: | $1,409,000
|
| Maturity: | March 18, 2016
|
| Coupon: | 9.4%, payable monthly if the stock closes at or above the coupon barrier level on an observation date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case number of Silver Wheaton shares equal to $1,000 divided by conversion price
|
| Call: | At par if Silver Wheaton shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $23.02
|
| Coupon barrier: | $18.42, 80% of initial share price
|
| Conversion price: | $19.57, 85% of initial share price
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 17
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25190A880
|
|
|
|
|
© 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.
