By Jennifer Chiou
New York, Nov. 12 - Deutsche Bank AG, London Branch priced $11.98 million of 9.5% airbag autocallable yield optimization notes due Nov. 14, 2014 linked to Facebook Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par plus the coupon if the stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Facebook shares equal to $1,000 divided by the conversion price. The conversion price is 80% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | Facebook, Inc. (Nasdaq: FB)
|
| Amount: | $11.98 million
|
| Maturity: | Nov. 14, 2014
|
| Coupon: | 9.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case Facebook shares equal to $1,000 divided by the conversion price
|
| Call: | At par plus accrued interest if Facebook stock closes at or above initial share price on quarterly call date
|
| Initial share price: | $47.56
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| Conversion price: | $38.05, 80% of initial share price
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| Pricing date: | Nov. 8
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| Settlement date: | Nov. 13
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| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25155G708
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