Published on 4/19/2011 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.32 million 8.66% trigger yield optimization notes on Textron
By Susanna Moon
Chicago, April 19 - Deutsche Bank AG, London Branch priced $3.32 million of 8.66% trigger yield optimization notes due April 20, 2012 linked to Textron Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes have a face value of $26.26 each, which is equal to the initial share price of Textron.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Textron stock is less than 80% of the initial share price, in which case the payout will be one share of Textron stock per note.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Textron Inc. (Symbol: TXT)
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Amount: | $3,319,237.74
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Maturity: | April 20, 2012
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Coupon: | 8.66%, payable monthly
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Price: | Par of $26.26
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Payout at maturity: | If final price of Textron stock is less than trigger price, one Textron share; otherwise, par
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Initial share price: | $26.26
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Trigger price | $21.008, or 80% of initial price
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Pricing date: | April 15
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Settlement date: | April 21
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Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | 2%
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Cusip: | 25154W860
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