By Susanna Moon
Chicago, Oct. 1 – Deutsche Bank AG, London Branch priced $3.66 million of 8.4% airbag autocallable yield optimization notes due Sept. 30, 2015 linked to ServiceNow Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if ServiceNow shares close at or above the initial share price on any quarterly observation date.
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 ServiceNow shares equal to $1,000 divided by the conversion price. The conversion price is 80% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Airbag autocallable yield optimization notes
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| Underlying stock: | ServiceNow Inc. (Symbol: NOW)
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| Amount: | $3.66 million
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| Maturity: | Sept. 30, 2015
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| Coupon: | 8.4%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless final share price is less than conversion price, in which case number of ServiceNow shares equal to $1,000 divided by conversion price
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| Call: | At par if ServiceNow shares close at or above initial share price on any quarterly observation date
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| Initial share price: | $59.56
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| Conversion price: | $47.65, 80% of initial share price
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 30
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| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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| Fees: | 1.5%
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| Cusip: | 25157U630
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