Published on 2/29/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $10.13 million 10% trigger yield optimization notes tied to SanDisk
By Jennifer Chiou
New York, Feb. 29 - Deutsche Bank AG, London Branch priced $10,125,269 of 10% trigger yield optimization notes due Feb. 28, 2013 linked to the common stock of SanDisk Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note is equal to the initial price of SanDisk stock.
The payout at maturity will be par unless the final price is less than 75% of the initial price, in which case investors will receive one SanDisk share per note.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | SanDisk Corp. (Symbol: SNDK)
|
| Amount: | $10,125,269.60
|
| Maturity: | Feb. 28, 2013
|
| Coupon: | 10%, payable monthly
|
| Price: | Par of $49.19
|
| Payout at maturity: | Par unless final price is less than trigger price, in which case one SanDisk share per note
|
| Initial price: | $49.19
|
| Trigger price: | $36.89, 75% of initial price
|
| Pricing date: | Feb. 27
|
| Settlement date: | Feb. 29
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 25154V839
|
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