By Marisa Wong
Madison, Wis., Feb. 14 - Deutsche Bank AG, London Branch priced $1.32 million of 9.5% trigger yield optimization notes due Feb. 15, 2013 linked to the American Depositary Shares of BHP Billiton Ltd., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note is equal to the initial price of BHP Billiton ADSs.
The payout at maturity will be par unless the final price is less than 80% of the initial price, in which case investors will receive one BHP Billiton ADS per note.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger yield optimization notes
|
| Underlying ADSs: | BHP Billiton Ltd. (NYSE: BHP)
|
| Amount: | $1,317,793.20
|
| Maturity: | Feb. 15, 2013
|
| Coupon: | 9.5%, payable monthly
|
| Price: | Par of $77.10
|
| Payout at maturity: | Par unless final price is less than trigger price, in which case one BHP Billiton ADS per note
|
| Initial price: | $77.10
|
| Trigger price: | $61.68, 80% of initial price
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 15
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 25154V888
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
