By Toni Weeks
San Luis Obispo, Calif., Jan. 21 – Deutsche Bank AG, London Branch priced $5.75 million of 7.2% airbag autocallable yield optimization notes due Jan. 22, 2016 linked to Alcoa Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if Alcoa shares close 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 Alcoa shares equal to $1,000 divided by the conversion price. The conversion price is 80% 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 autocallable yield optimization notes
|
| Underlying stock: | Alcoa Inc. (Symbol: AA)
|
| Amount: | $5,752,000
|
| Maturity: | Jan. 22, 2016
|
| Coupon: | 7.2%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the final share price is less than conversion price, in which case 81.8331 Alcoa shares per $1,000 principal amount
|
| Call: | Automatically at par if Alcoa shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $15.28
|
| Conversion price: | $12.22, 80% of initial price
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 22
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25190E569
|
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