Published on 5/22/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $2.7 million contingent absolute return autocallables linked to Citigroup
By Angela McDaniels
Tacoma, Wash., May 22 - Deutsche Bank AG, London Branch priced $2.7 million of 0% contingent absolute return autocallable optimization securities due May 28, 2013 linked to the common stock of Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 17% if Citigroup stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called and the final share price is greater than or equal to the trigger price, 60% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be fully exposed to the stock decline.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Contingent absolute return autocallable optimization securities
|
| Underlying stock: | Citigroup Inc. (Symbol: C)
|
| Amount: | $2,701,930
|
| Maturity: | May 28, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to stock decline
|
| Call: | At par plus 17% per year if Citigroup stock closes at or above initial share price on Aug. 20, 2012, Nov. 19, 2012, Feb. 19, 2013 or May 21, 2013
|
| Initial share price: | $26.01
|
| Trigger price: | $18.02, 60% of initial share price
|
| Pricing date: | May 18
|
| Settlement date: | May 24
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25154V185
|
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