By Toni Weeks
San Luis Obispo, Calif., Nov. 20 – Deutsche Bank AG, London Branch priced $1 million of 0% trigger autocallable optimization securities due Aug. 20, 2015 linked to West Texas Intermediate light sweet crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 9% per year if the commodity price closes at or above the initial price on any quarterly observation date.
If the notes are not called and the commodity price finishes at or above the trigger price, 76% of the initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying index: | West Texas Intermediate light sweet crude oil futures contracts
|
| Amount: | $1 million
|
| Maturity: | Aug. 20, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless commodity price finishes below trigger level, in which case investors will be fully exposed to losses
|
| Call: | At par plus call return of 9% per year if commodity price closes at or above initial price on any quarterly observation date
|
| Initial price: | $75.82
|
| Trigger price: | $57.62, 76% of initial price
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 20
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 0.5%
|
| Cusip: | 25190A781
|
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