Published on 3/19/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $2.89 million 6.13% airbag yield autocallables on Hain Celestial
By Susanna Moon
Chicago, March 19 - Deutsche Bank AG, London Branch priced $2.89 million of 6.13% airbag autocallable yield optimization notes due Sept. 20, 2013 linked to Hain Celestial Group, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par plus the coupon if the stock closes at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Hain Celestial shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Airbag autocallable yield optimization notes
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Underlying stock: | Hain Celestial Group, Inc. (Nasdaq: HAIN)
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Amount: | $2,885,000
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Maturity: | Sept. 20, 2013
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Coupon: | 6.13%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless final share price is less than conversion price, in which case number of Hain Celestial shares equal to $1,000 divided by the conversion price
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Call: | At par plus accrued interest if Hain Celestial stock closes at or above initial share price on
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Initial share price: | $58.16
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Conversion price: | $49.44, 85% of initial share price
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Pricing date: | March 15
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Settlement date: | March 20
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Agents: | UBS Financial Services Inc. and Deutsche Bank Securities
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Fees: | 1%
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Cusip: | 25155H805
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