By Jennifer Chiou
New York, Dec. 5 - Deutsche Bank AG, London Branch priced $3,406,000 of phoenix autocallable securities due Dec. 18, 2013 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Freeport-McMoRan stock closes at or above the barrier 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 17%. 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 plus the contingent coupon.
If the notes are not called and Freeport-McMoRan shares finish at or above the barrier 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.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Phoenix autocallable securities
|
| Underlying stock: | Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
|
| Amount: | $3,406,000
|
| Maturity: | Dec. 18, 2013
|
| Coupon: | 17%, payable quarterly if stock closes at or above barrier price on observation date for that quarter
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus contingent coupon if Freeport-McMoRan shares finish at or above barrier price; otherwise, par plus stock return
|
| Call: | Automatically at par plus contingent coupon if Freeport-McMoRan shares close at or above initial price on a quarterly observation date
|
| Initial share price: | $39.01
|
| Barrier price: | $29.26, 75% of initial price
|
| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
|
| Placement agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 25152RAK9
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