By Jennifer Chiou
New York, Dec. 9 – Deutsche Bank AG, London Branch priced $2,674,500 of trigger autocallable optimization securities due Dec. 11, 2019 linked to the common stock of JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Beginning one year after issuance, the notes will be called at par plus a call return of 8% per year if JPMorgan shares close at or above the initial share price on any quarterly observation date.
If the notes are not called and JPMorgan shares finish at or above the trigger price, 75% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
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| Underlying stock: | JPMorgan Chase & Co. (Symbol: JPM)
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| Amount: | $2,674,500
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| Maturity: | Dec. 11, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par if JPMorgan shares finish at or above trigger price; otherwise, full exposure to share price decline
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| Call: | Automatically at par plus 8% per year if JPMorgan shares close at or above initial share price on any quarterly observation date beginning one year after issuance
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| Initial share price: | $62.70
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| Trigger price: | $47.03, 75% of initial share price
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| Pricing date: | Dec. 5
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| Settlement date: | Dec. 10
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| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
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| Cusip: | 25190A666
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