By Toni Weeks
San Diego, Sept. 25 - Deutsche Bank AG, London Branch priced $5.32 million of 9.04% airbag autocallable yield optimization notes due Sept. 27, 2013 linked to the common stock of SanDisk Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be automatically called at par plus the coupon if the closing price of SanDisk stock is greater than or equal to the initial price on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of SanDisk shares equal to $1,000 divided by the conversion price. The conversion price is 65% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | SanDisk Corp. (Symbol: SNDK)
|
| Amount: | $5,318,000
|
| Maturity: | Sept. 27, 2013
|
| Coupon: | 9.04%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If final share price is less than conversion price, number of SanDisk shares equal to $1,000 divided by conversion price; otherwise, par
|
| Call: | At par plus the coupon if closing share price is greater than or equal to initial price on any quarterly observation date beginning Dec. 21
|
| Initial share price: | $45.24
|
| Conversion price: | $36.19, 80% of initial share price
|
| Pricing date: | Sept. 21
|
| Settlement date: | Sept. 26
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25154X199
|
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