By Susanna Moon
Chicago, Jan. 15 - Deutsche Bank AG, London Branch priced $833,300 of trigger phoenix autocallable optimization securities due Jan. 16, 2014 linked to Ann Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Ann stock closes at or above the trigger price - 70% of the initial share price - on a monthly observation date, the issuer will pay a monthly contingent coupon at the rate of 14.5% per year. Otherwise, no coupon will be paid that month.
The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on any monthly observation date after one year.
If the notes are not called and Ann shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully 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: | Ann Inc. (Symbol: ANN)
|
| Amount: | $833,300
|
| Maturity: | Jan. 16, 2014
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| Coupon: | 14.5% per year if stock closes at or above trigger price on observation date for that month; otherwise, no coupon will be paid that month
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus contingent coupon if Ann shares finish at or above trigger price; otherwise, par plus stock return
|
| Call: | At par plus contingent coupon if Ann shares close at or above initial price on any monthly observation date after one year
|
| Initial share price: | $32.20
|
| Trigger price: | $22.54, 70% of initial share price
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| Pricing date: | Jan. 11
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| Settlement date: | Jan. 16
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| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25154S349
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