By Toni Weeks
San Luis Obispo, Calif., Dec. 16 – Deutsche Bank AG, London Branch priced $442,000 of airbag phoenix autocallable optimization securities due June 17, 2016 linked to DISH Network Corp. 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 9.8% if the stock closes at or above the 80% coupon barrier level on an observation date for the month.
The notes will be called at par plus accrued interest if DISH Network stock closes 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 DISH Network shares equal to $1,000 divided by the conversion price. The conversion price is 85% 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 phoenix autocallable optimization notes
|
| Underlying stock: | DISH Network Corp. (Symbol: DISH)
|
| Amount: | $442,000
|
| Maturity: | June 17, 2016
|
| Coupon: | 9.8%, payable monthly if the stock closes at or above the coupon barrier level on an observation date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case number of DISH Network shares equal to $1,000 divided by conversion price
|
| Call: | At par if DISH Network shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $70.83
|
| Coupon barrier: | $56.66, 80% of initial share price
|
| Conversion price: | $60.21, 85% of initial share price
|
| Pricing date: | Dec. 12
|
| Settlement date: | Dec. 17
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25156D795
|
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