By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – Deutsche Bank AG, London Branch priced $1.33 million of phoenix autocallable securities due Feb. 3, 2020 linked to the least performing of the American Depositary Shares of Alibaba Group Holding Ltd., the common stock of Bank of New York Mellon Corp. and the common stock of Oasis Petroleum Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at an annual rate of 29% if each stock closes at or above its coupon barrier, 70% of its initial share price, on the observation date for that quarter.
The notes will be automatically called at par if each stock closes at or above its initial share price on any quarterly observation date.
The payout at maturity will be par plus the final coupon unless the least-performing stock finishes below its trigger price, 70% of its initial share price, in which case investors will lose 1% for each 1% decline of the least-performing stock from its initial price.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Phoenix autocallable notes
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| Underlying stocks: | Alibaba Group Holding Ltd., Bank of New York Mellon Corp. and Oasis Petroleum Inc.
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| Amount: | $1,333,000
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| Maturity: | Feb. 3, 2020
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| Coupon: | 29% annualized, payable quarterly if each stock closes at or above 70% coupon barrier on observation date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless any stock finishes below 70% trigger, in which case shares of worst performing stock
|
| Call: | At par plus contingent coupon if each stock closes at or above initial level on any observation date
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| Initial levels: | $203.01 for Alibaba, $57.52 for Bank of New York Mellon and $8.93 for Oasis
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| Barriers/triggers: | $142.11 for Alibaba, $40.26 for Bank of New York Mellon and $6.25 for Oasis; 70% of initial levels
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| Pricing date: | Jan. 29
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| Settlement date: | Feb. 1
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| Agent: | Deutsche Bank Securities Inc.
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| Fees: | 2%
|
| Cusip: | 25190LAH3
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