By Angela McDaniels
Tacoma, Wash., April 3 - Deutsche Bank AG, London Branch priced $10.47 million of phoenix autocallable securities due April 17, 2013 linked to the common stock of General Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.
If General Electric stock closes at or above the 80% trigger level on a quarterly observation date, the issuer will pay an annualized contingent coupon of 11% for that quarter.
If the shares close at or above the initial price on a quarterly observation date, the notes will be automatically called at par plus the contingent coupon.
If the notes are not called and General Electric shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the share price decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Phoenix autocallable securities
|
| Underlying stock: | General Electric Co. (Symbol: GE)
|
| Amount: | $10.47 million
|
| Maturity: | April 17, 2013
|
| Coupon: | If GE stock closes at or above trigger price on quarterly observation date, issuer will pay annualized contingent coupon of 11% for that quarter
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and GE shares finish at or above trigger price, par plus contingent coupon; otherwise, full exposure to share price decline
|
| Call: | Automatically at par plus contingent coupon if shares close at or above initial price on quarterly observation date
|
| Initial share price: | $20.07
|
| Trigger price: | $16.056, 80% of initial share price
|
| Pricing date: | March 30
|
| Settlement date: | April 4
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1HW4
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