By Angela McDaniels
Tacoma, Wash., Oct. 2 – Deutsche Bank AG, London Branch priced $525,000 of phoenix autocallable securities due Sept. 29, 2016 linked to the iShares China Large-Cap exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 11.3% per year if the ETF’s shares close at or above the barrier price, 70% of the initial share price, on the observation date for that quarter. Otherwise, no coupon will be paid for that quarter.
The notes will be called at par 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 the shares finish at or above the barrier price, the payout at maturity will be par plus the contingent coupon. Otherwise, the payout will be a number of ETF shares equal to $1,000 divided by the initial share price.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Phoenix autocallable securities
|
| Underlying ETF: | iShares China Large-Cap ETF
|
| Amount: | $525,000
|
| Maturity: | Sept. 29, 2016
|
| Coupon: | 11.3%, payable quarterly if shares close at or above barrier price on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon if ETF’s shares finish at or above barrier price; otherwise, 28.3607 shares of ETF
|
| Call: | Automatically at par plus contingent coupon if ETF’s shares close at or above initial price on any quarterly observation date
|
| Initial share price: | $35.26
|
| Barrier price: | $24.68, 70% of initial share price
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 1%
|
| Cusip: | 25152RR21
|
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