By Marisa Wong
Madison, Wis., April 23 - Deutsche Bank AG, London Branch priced $441,000 of trigger phoenix autocallable optimization securities due Oct. 27, 2015 linked to Adobe Systems Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 10.5% if the price of Adobe stock closes at or above the 80% trigger price on the observation date for that quarter.
If the stock closes at or above the initial price on any quarterly observation date, the notes will be called at par of $10 plus the contingent coupon.
If the notes are not called and the Adobe share price finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be exposed to losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying stock: | Adobe Systems Inc. (Symbol: ADBE)
|
| Amount: | $441,000
|
| Maturity: | Oct. 27, 2015
|
| Coupon: | 10.5%, payable quarterly if stock closes at or above trigger price on observation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus contingent coupon if Adobe shares finish at or above trigger price; otherwise, par plus stock return
|
| Call: | At par plus contingent coupon if Adobe shares close at or above initial price on any quarterly observation date
|
| Initial share price: | $64.30
|
| Trigger price: | $51.44, 80% of initial price
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| Pricing date: | April 21
|
| Settlement date: | April 24
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25155Q730
|
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