By Susanna Moon
Chicago, April 30 - Deutsche Bank AG, London Branch priced $2.89 million of 7.99% airbag autocallable yield optimization notes due April 30, 2014 linked to SanDisk Corp. 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 SanDisk 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: | SanDisk Corp. (Nasdaq: SNDK)
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Amount: | $2,655,000
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Maturity: | April 30, 2014
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Coupon: | 7.99%, 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 SanDisk shares equal to $1,000 divided by the conversion price
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Call: | At par plus accrued interest if SanDisk stock closes at or above initial share price on
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Initial share price: | $53.90
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Conversion price: | $45.82, 85% of initial share price
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Pricing date: | April 26
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Settlement date: | April 30
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Agents: | UBS Financial Services Inc. and Deutsche Bank Securities
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Fees: | 1.5%
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Cusip: | 25155H748
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