By Angela McDaniels
Tacoma, Wash., April 17 - Deutsche Bank AG, London Branch priced $835,000 phoenix autocallable securities due May 1, 2013 linked to the common stock of NetApp, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
If NetApp stock closes at or above the trigger level, 75% of the initial share price, on a quarterly observation date, the issuer will pay an annualized contingent coupon of 15.7% for that quarter.
If the shares close at or above the initial price on a quarterly observation date, the notes will be automatically called at par plus the contingent coupon.
If the notes are not called and NetApp shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the share price decline.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Phoenix autocallable securities
|
| Underlying stock: | NetApp, Inc. (Symbol: NTAP)
|
| Amount: | $835,000
|
| Maturity: | May 1, 2013
|
| Coupon: | 15.7% per year, payable quarterly if NetApp stock closes at or above trigger price on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon if NetApp shares finish at or above trigger price; otherwise, par plus stock return
|
| Call: | Automatically at par plus contingent coupon if NetApp shares close at or above initial price on a quarterly observation date
|
| Initial share price: | $40.13
|
| Trigger price: | $30.0975, 75% of initial share price
|
| Pricing date: | April 13
|
| Settlement date: | April 18
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1JF9
|
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