By Jennifer Chiou
New York, Aug. 20 - Deutsche Bank AG, London Branch priced $3 million of 8.1% autocallable securities due Aug. 21, 2013 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be automatically called at par plus the coupon if the price of Halliburton shares finishes at or above its initial price on any quarterly call date.
If the notes are not called, the payout at maturity will be par unless the share price falls below 65% of the initial share price on the Aug. 16, 2013 final valuation date, in which case investors will be fully exposed to the decline in the stock price.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying stock: | Halliburton Co. (Symbol: HAL)
|
| Amount: | $3 million
|
| Maturity: | Aug. 21, 2013
|
| Coupon: | 8.1%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless share price falls below 65% of the initial share price on the final valuation date, in which case investors will be fully exposed to the decline in the stock price
|
| Call: | Automatically at par plus the coupon if the price of Halliburton shares finishes at or above its initial price on any quarterly call date
|
| Initial share price: | $35.30
|
| Trigger price: | $22.95, 65% of initial share price
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| Pricing date: | Aug. 16
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| Settlement date: | Aug. 21
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1LF6
|
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