By Angela McDaniels
Tacoma, Wash., Nov. 7 – Deutsche Bank AG, London Branch priced $1.05 million of phoenix autocallable securities due Nov. 8, 2019 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 7.2% per year if Ford shares close at or above the barrier price, 75% of the initial share price, on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above the initial share price on any quarterly observation date.
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. Otherwise, the payout will be a number of Ford shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.
JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Phoenix autocallable securities
|
| Underlying stock: | Ford Motor Co. (Symbol: F)
|
| Amount: | $1,051,000
|
| Maturity: | Nov. 8, 2019
|
| Coupon: | 7.2%, payable quarterly if stock closes at or above barrier price on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon if Ford shares finish at or above barrier price; otherwise, 71.736 shares of Ford stock or, at issuer’s option, amount in cash equal to value of those shares
|
| Call: | Automatically at par plus contingent coupon if Ford shares close at or above initial price on any quarterly observation date
|
| Initial share price: | $13.94
|
| Barrier price: | $10.46, 75% of initial share price
|
| Pricing date: | Nov. 5
|
| Settlement date: | Nov. 10
|
| Agents: | JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 25152RSM6
|
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