By Susanna Moon
Chicago, May 13 - Deutsche Bank AG, London Branch priced $5.65 million of trigger phoenix autocallable optimization securities due May 15, 2019 linked to Ford Motor Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 7% if the price of Ford Motor stock closes at or above the 68% trigger level on the observation date for that month.
If the stock closes at or above the initial price on any monthly observation date after one year, the notes will be called at par of $10 plus the contingent coupon.
If the notes are not called and the Ford Motor share price finishes at or above the trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be exposed to losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying stock: | Ford Motor Co. (Symbol: F)
|
| Amount: | $5,646,500
|
| Maturity: | May 15, 2019
|
| Coupon: | 7%, payable monthly if stock closes at or above trigger price on observation date for that month
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus contingent coupon if Ford Motor shares finish at or above trigger price; otherwise, par plus stock return
|
| Call: | At par plus contingent coupon if Ford Motor shares close at or above initial price on a monthly observation date beginning May 15, 2015
|
| Initial share price: | $15.77
|
| Trigger price: | $10.72, 68% of initial price
|
| Pricing date: | May 9
|
| Settlement date: | May 14
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 25155Q482
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
