By Susanna Moon
Chicago, March 26 - Deutsche Bank AG, London Branch priced $2.15 million of trigger phoenix autocallable optimization securities due March 27, 2019 linked to Genworth Financial Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Genworth Financial stock closes at or above the barrier level, 72.84% of the initial price, on a monthly observation date, the notes will pay a contingent coupon at an annualized rate of 8% for that month.
If the shares close at or above the initial price on any monthly observation date after one year, the notes will be called at par plus the contingent coupon.
If the notes are not called and Genworth Financial shares finish at or above the barrier price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to losses.
Deutsche Bank Securities Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying stock: | Genworth Financial Inc. (Symbol: GNW)
|
| Amount: | $2,152,520
|
| Maturity: | March 27, 2019
|
| Coupon: | 8% per year, payable monthly if Genworth Financial stock closes at or above barrier price on monthly observation date
|
| Price: | Par
|
| Payout at maturity: | If Genworth Financial shares finish at or above barrier price, par plus contingent coupon; otherwise, investors will be fully exposed to losses
|
| Call: | At par plus contingent coupon if the shares close at or above initial price on any monthly observation date after one year
|
| Initial price: | $18.00
|
| Barrier price: | $13.11, 72.84% of initial price
|
| Pricing date: | March 21
|
| Settlement date: | March 26
|
| Agents: | Deutsche Bank Securities Inc. and UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 25155Q409
|
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