By Marisa Wong
Madison, Wis., Feb. 7 - Deutsche Bank AG, London Branch priced $5.8 million of 0% callable exchangeable notes due Feb. 5, 2016 linked to the common stock of EMC Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The exchangeable notes priced at 110.
The notes are callable in whole at par at any time beginning Feb. 3, 2014.
If the notes are not called and the final price of EMC stock is less than or equal to the conversion price, the payout at maturity will be par. The conversion price is $26.7765, which equals 105.1% of the initial price of $25.4772.
Otherwise, the payout will be an amount in cash equal to the exchange rate times the final stock price. The exchange rate is 37.3462.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Callable exchangeable notes
|
| Underlying stock: | EMC Corp. (Symbol: EMC)
|
| Amount: | $5.8 million
|
| Maturity: | Feb. 5, 2016
|
| Coupon: | 0%
|
| Price: | 110
|
| Payout at maturity: | If final price of EMC stock is less than or equal to the conversion price, par; otherwise, 37.3462 times the final stock price
|
| Initial share price: | $25.4772
|
| Conversion price: | $26.7765, 105.1% of the initial price
|
| Pricing date: | Feb. 3
|
| Settlement date: | Feb. 10
|
| Agents: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
| Cusip: | 2515A13P4
|
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