By Jennifer Chiou
New York, March 10 – Deutsche Bank AG, London Branch priced $1,195,600 of trigger phoenix autocallable optimization securities due Sept. 12, 2016 linked to the WhiteWave Foods Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.5% if WhiteWave Foods stock closes at or above the trigger level, 80% of the initial share price, on an observation date for that quarter.
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 quarterly observation date.
If the notes are not called and WhiteWave Foods 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
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| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying stock: | WhiteWave Foods Co. (Symbol: WWAV)
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| Amount: | $1,195,600
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| Maturity: | Sept. 12, 2016
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| Coupon: | 8.5% per year, payable quarterly if stock closes at or above trigger price on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | Par plus contingent coupon if WhiteWave Foods shares finish at or above trigger price; otherwise, par plus stock return
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| Call: | At par plus contingent coupon if WhiteWave Foods shares close at or above initial price on any quarterly observation date
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| Initial share price: | $41.79
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| Trigger price: | $33.43, 80% of initial share price
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| Pricing date: | March 6
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| Settlement date: | March 11
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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: | 25190E395
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