By Marisa Wong
Madison, Wis., May 15 - Deutsche Bank AG, London Branch priced $824,947 of 9.2% trigger yield optimization notes due May 17, 2013 linked to the common stock of Huntsman Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note is equal to the initial price of Huntsman stock.
The payout at maturity will be par unless the final price of Huntsman stock is less than 60% of the initial share price, in which case investors will receive one Huntsman share per note.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Huntsman Corp. (NYSE: HUN)
|
| Amount: | $824,947.20
|
| Maturity: | May 17, 2013
|
| Coupon: | 9.2%, payable monthly
|
| Price: | Par of $14.85
|
| Payout at maturity: | Par unless final price of Huntsman stock is less than trigger price, in which case one Huntsman share per note
|
| Initial price: | $14.85
|
| Trigger price: | $8.91, 60% of initial price
|
| Pricing date: | May 11
|
| Settlement date: | May 17
|
| Agent: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 25154V243
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
