By Jennifer Chiou
New York, Feb. 10 – Deutsche Bank AG, London Branch priced $2,676,500 of trigger phoenix autocallable optimization securities due Aug. 12, 2016 linked to the common stock of Fortinet, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Fortinet stock closes at or above the trigger price, 75% of the initial share price, on a quarterly observation date, the issuer will pay a contingent coupon for that quarter at the rate of 11.4% per year. Otherwise, no coupon will be paid that quarter.
If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par of $10 plus the contingent coupon.
If the notes are not called and Fortinet shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying stock: | Fortinet, Inc. (Symbol: FTNT)
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| Amount: | $2,676,500
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| Maturity: | Aug. 12, 2016
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| Coupon: | 11.4% per year, payable quarterly if stock closes at or above trigger price on observation date for that quarter
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| Price: | Par of $10
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| Payout at maturity: | Par plus contingent coupon if Fortinet shares finish at or above trigger price; otherwise, par plus stock return
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| Call: | Automatically at par plus contingent coupon if Fortinet shares close at or above initial price on any quarterly observation date
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| Initial share price: | $31.81
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| Trigger price: | $23.86, 75% of initial share price
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 11
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| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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| Fees: | 1.5%
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| Cusip: | 25190E742
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