By Marisa Wong
Madison, Wis., May 30 - Deutsche Bank AG, London Branch priced $740,000 of phoenix autocallable securities due June 12, 2013 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
If General Electric stock closes at or above the 80% threshold price on a quarterly observation date, the notes will pay an annualized contingent coupon of 17% for that quarter.
If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par plus the contingent coupon.
If the notes are not called and General Electric shares finish at or above the threshold price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to losses.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Phoenix autocallable securities
|
| Underlying stock: | General Electric Co. (NYSE: GE)
|
| Amount: | $740,000
|
| Maturity: | June 12, 2013
|
| Coupon: | 17% per year if stock closes at or above threshold level on quarterly observation date; payable quarterly
|
| Price: | Par of $1,000
|
| Payout at maturity: | If General Electric shares finish at or above threshold price, par plus contingent coupon; otherwise, full exposure to losses
|
| Call: | At par plus contingent coupon if shares close at or above initial price on a quarterly observation date
|
| Initial price: | $19.20
|
| Threshold price: | $15.36, 80% of initial price
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1K42
|
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