By Toni Weeks
San Luis Obispo, Calif., April 1 - Deutsche Bank AG, London Branch priced $750,000 of airbag phoenix autocallable optimization securities due Sept. 30, 2015 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 8% per year if Halliburton shares close at or above the coupon barrier, 80% of the initial share price, on the observation date for that month.
The notes will be automatically called at par if Halliburton shares close at or above the initial share price on any autocall observation date, which occur quarterly.
If the notes are not called and the final price of Halliburton shares is greater than or equal to the conversion price, 90% of the initial share price, then the payout at maturity will be par. Otherwise, investors will receive a number of Halliburton shares equal to $1,000 divided by the conversion price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Airbag phoenix autocallable optimization securities
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| Underlying stock: | Halliburton Co. (NYSE: HAL)
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| Amount: | $750,000
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| Maturity: | Sept. 30, 2015
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| Coupon: | Each month, notes pay contingent coupon at rate of 8% per year if Halliburton shares close at or above coupon barrier on observation date for that month
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to conversion price, par; otherwise, number of Halliburton shares equal to $1,000 divided by conversion price
|
| Call: | Automatically at par if Halliburton shares close at or above initial share price on any quarterly autocall observation date
|
| Initial share price: | $58.09
|
| Coupon barrier: | $46.47, 80% of initial share price
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| Conversion price: | $52.28, 90% of initial share price
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| Pricing date: | March 27
|
| Settlement date: | March 31
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
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| Cusip: | 25155Q870
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