Published on 10/27/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $6 million trigger autocallable notes on S&P 500
By Marisa Wong
Madison, Wis., Oct. 27 – Deutsche Bank AG, London Branch priced $6 million of 0% trigger autocallable optimization securities due Oct. 28, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 9% per year if the index closes at or above the initial level on any quarterly observation date.
The payout at maturity will be par unless the index finishes below the 80% trigger level, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Trigger autocallable optimization securities
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| Underlying index: | S&P 500 index
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| Amount: | $6 million
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| Maturity: | Oct. 28, 2016
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par unless index finishes below trigger level, in which case investors will be fully exposed to any losses
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| Call: | At par plus a call return of 9% per year if index closes at or above level on any quarterly observation date
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| Initial level: | 1,927.11
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| Trigger level: | 1,541.69, 80% of initial level
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| Pricing date: | Oct. 22
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| Settlement date: | Oct. 27
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| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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| Fees: | 1.5%
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| Cusip: | 25157U416
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