By Jennifer Chiou
New York, Aug. 31 - Deutsche Bank AG, London Branch priced $9.5 million of 0% bearish autocallable optimization securities with contingent protection due Sept. 5, 2008 linked to the common stocks of Ford Motor Co. and General Motors Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The stocks are equally weighted.
The securities will automatically be called if the basket level is at or below the initial level on any of the following observation dates: Dec. 3, 2007, March 3, 2008, June 3, 2008 and Sept. 2, 2008.
The redemption amount will be par plus 9.75% if the notes are called on Dec. 3, 2007, par plus 19.5% if the notes are called on March 3, 2008, par plus 29.25% if the notes are called on June 3, 2008 and par plus 39% if the notes are called on Sept. 2, 2008.
If the notes are not called, the payout at maturity will be par unless the basket hits the trigger level - 140% of the initial level - during the life of the notes and finishes above the initial level, in which case investors will be fully exposed to the losses determined according to gains in the basket.
UBS Financial Services Inc. and Deutsche Bank Securities, Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Bearish autocallable optimization securities with contingent protection
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| Underlying stocks: | Ford Motor Co. and General Motors Corp. (NYSE: F; NYSE: GM)
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| Amount: | $9.5 million
|
| Maturity: | Sept. 5, 2008
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par unless the basket hits the trigger level - 140% of the initial level - during the life of the notes and finishes above the initial level, in which case investors will be fully exposed to the losses determined according to gains in the basket
|
| Call: | Par plus 9.75% if the notes are called on Dec. 3, 2007, par plus 19.5% if the notes are called on March 3, 2008, par plus 29.25% if the notes are called on June 3, 2008 and par plus 39% if the notes are called on Sept. 2, 2008
|
| Initial levels: | Ford at $7.72, General Motors at $30.59
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| Pricing date: | Aug. 29
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| Settlement date: | Aug. 31
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| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.25%
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