By Marisa Wong
Madison, Wis., Jan. 6 - Deutsche Bank AG, London Branch corrected the coupon barrier for its previously priced $550,000 of phoenix autocallable notes due Dec. 24, 2014 linked to the class A common stock of Facebook, Inc., according to an amended 424B2 filing with the Securities and Exchange Commission.
If Facebook shares close at or above the barrier price $31.16, 65% of the initial share price, on any quarterly observation date, the issuer will pay an annualized contingent coupon of 13.8%. Otherwise, no coupon will be paid for that period.
If the stock closes at or above the initial price on any quarterly observation date, the notes will be called at par plus the contingent coupon.
If the notes are not called and the shares finish at or above the barrier price, the payout at maturity will be par plus the contingent coupon. Investors will be exposed to any losses.
The final price will be the average of the closing prices of the stock on the five averaging dates ending Dec. 19, 2014.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Phoenix autocallable securities
|
| Underlying stock: | Facebook, Inc. (Symbol: FB)
|
| Amount: | $550,000
|
| Maturity: | Dec. 24, 2014
|
| Coupon: | 13.8% per year, payable quarterly if Facebook shares close at or above barrier price on any quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | If shares finish at or above barrier price, par plus contingent coupon; investors will be exposed to any losses
|
| Call: | At par plus contingent coupon if stock closes at or above initial price on any quarterly observation date
|
| Initial price: | $47.94
|
| Barrier price: | $31.16, 65% of initial price
|
| Final price: | Average of closing prices of stock on five averaging dates ending Dec. 19, 2014.
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 11
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1%
|
| Cusip: | 25152RGD9
|
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