By Susanna Moon
Chicago, July 23 - Deutsche Bank AG, London Branch priced $1.41 million of 0% trigger autocallable optimization securities due July 25, 2018 linked to the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If fund closes at or above the initial price on any quarterly observation date after one year, the notes will be called at par plus an annualized call return of 9%.
If the notes are not called and the fund finishes at or above the trigger level, 67.93% of the initial level, the payout at maturity will be par.
Otherwise, investors will share fully in losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying fund: | SPDR S&P Oil & Gas Exploration and Production ETF
|
| Amount: | $1,406,060
|
| Maturity: | July 25, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund finishes at or above trigger level, par; otherwise, full exposure to losses
|
| Call: | At par plus 9% per year if shares close at or above initial level on any quarterly observation date after one year
|
| Initial price: | $62.87
|
| Trigger price: | $42.71, 67.93% of initial price
|
| Pricing date: | July 19
|
| Settlement date: | July 24
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 25155L509
|
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