By Susanna Moon
Chicago, Feb. 27 – Deutsche Bank AG, London Branch priced $785,300 of trigger phoenix autocallable optimization securities due Feb. 28, 2020 linked to General Motors Co. 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 7.5% if GM stock closes at or above the trigger level, 64.7% of the initial share price, on an observation date for that month.
The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on any monthly observation date after one year.
If the notes are not called and GM shares finish at or above the trigger level, the payout at maturity will be par plus the contingent coupon.
Otherwise, 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
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying stock: | General Motors Co. (Symbol: GM)
|
| Amount: | $2,742,000
|
| Maturity: | Feb. 28, 2020
|
| Coupon: | 7.5% per year, payable monthly if stock closes at or above trigger price on observation date for that month
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus contingent coupon if GM shares finish at or above trigger price; otherwise, par plus stock return
|
| Call: | At par plus contingent coupon if GM shares close at or above initial price on any monthly observation date after one year
|
| Initial share price: | $37.86
|
| Trigger price: | $24.50, 64.7% of initial share price
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 27
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 25190E296
|
|
|
|
|
© 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.
