By Toni Weeks
San Luis Obispo, Calif., Nov. 19 – Deutsche Bank AG, London Branch priced $4.03 million of 8% airbag autocallable yield optimization notes due Nov. 20, 2015 linked to United Continental Holdings, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if United Continental 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 United Continental shares equal to $1,000 divided by the conversion price. The conversion price is 72% 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: | United Continental Holdings, Inc (Symbol: UAL)
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| Amount: | $4.03 million
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| Maturity: | Nov. 20, 2015
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| Coupon: | 8%, payable monthly
|
| Price: | Par
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| Payout at maturity: | Par unless the final share price is less than conversion price, in which case a number of United Continental shares equal to $1,000 divided by the conversion price
|
| Call: | Automatically at par if United Continental shares close at or above the initial share price on any quarterly observation date
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| Initial share price: | $56.10
|
| Conversion price: | $40.39, 72% of initial price
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| Pricing date: | Nov. 14
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| Settlement date: | Nov. 19
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| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25156D407
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