By Laura Lutz
Des Moines, March 18 - Deutsche Bank AG, London Branch priced $7.29 million of 24.72% yield optimization notes with contingent protection due June 19, 2008 linked to the lowest-performing of three financial stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying stocks are Lehman Brothers Holdings Inc., JPMorgan Chase & Co. and Goldman Sachs Group, Inc.
Interest will be payable at maturity.
The payout at maturity will be par if all of the stocks stay at or above their respective trigger levels - 55.5% of the initial levels - during the life of the notes and finishes above their initial prices. Otherwise, the payout will be equal to par times the performance of the worst-performing stock.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stocks: | Common stocks of Lehman Brothers Holdings Inc., JPMorgan Chase & Co. and Goldman Sachs Group, Inc.
|
| Amount: | $7,293,410
|
| Maturity: | June 19, 2008
|
| Coupon: | 24.72%
|
| Price: | Par
|
| Payout at maturity: | Par if all of stocks stay at or above 55.5% of initial levels; otherwise, par times performance of worst-performing stock
|
| Initial levels: | $39.26 for Lehman; $36.54 for JPMorgan; $156.86 for Goldman Sachs
|
| Trigger levels: | $21.79 for Lehman; $20.28 for JPMorgan; $87.06 for Goldman Sachs
|
| Pricing date: | March 14
|
| Settlement date: | March 19
|
| Underwriters: | UBS Financial Services Inc., Deutsche Bank Securities Inc.
|
| Fees: | 0.6%
|
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