Published on 5/28/2010 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.49 million 11.32% yield optimization notes linked to FedEx via UBS
By Angela McDaniels
Tacoma, Wash., May 28 - Deutsche Bank AG, London Branch priced $3.49 million of 11.32% annualized yield optimization notes with contingent protection due Nov. 30, 2010 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each note has a face value of $81.64, which is equal to the closing price of FedEx stock on the pricing date.
Interest is payable monthly.
The payout at maturity will be par unless the final price of FedEx stock is less than 75% of the initial share price, in which case the payout will be one share of FedEx stock.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | FedEx Corp. (NYSE: FDX)
|
| Amount: | $3,486,436.20
|
| Maturity: | Nov. 30, 2010
|
| Coupon: | 11.32%, payable monthly
|
| Price: | Par of $81.64
|
| Payout at maturity: | If final share price is less than trigger price, one FedEx share; otherwise, par
|
| Initial share price: | $81.64
|
| Trigger price: | $61.23, 75% of initial price
|
| Pricing date: | May 26
|
| Settlement date: | May 28
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1%
|
| Cusip: | 25154N514
|
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