By Susanna Moon
Chicago, March 31 - Deutsche Bank AG, London Branch priced $18.05 million of 0% trigger autocallable optimization securities due April 5, 2012 linked to Potash Corp. of Saskatchewan Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call return of 20.83% if Potash stock closes at or above the initial price on any of 12 monthly observation dates.
The payout at maturity will be par if the stock finishes at or above the trigger level, 75% of the initial price.
Otherwise, the payout will be par plus the stock return, with exposure to losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying stock: | Potash Corp. of Saskatchewan Inc. (Symbol: POT)
|
| Amount: | $18,054,080
|
| Maturity: | April 5, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if stock finishes above trigger level; otherwise, par plus return
|
| Call: | At par plus annualized call return of 20.83% if Potash stock closes at or above initial price on any of 12 monthly observation dates
|
| Initial level: | $57.15
|
| Trigger level: | $42.86, or 75% of initial level
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.25%
|
| Cusip: | 25154W803
|
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