Published on 4/24/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $484,000 contingent absolute return autocallables linked to Starwood
By Angela McDaniels
Tacoma, Wash., April 24 - Deutsche Bank AG, London Branch priced $484,000 of 0% contingent absolute return autocallable optimization securities due April 26, 2013 linked to the common stock of Starwood Hotels & Resorts Worldwide, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 14.5% if Starwood stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called and the final share price is greater than or equal to the trigger price, 75% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be fully exposed to the stock decline.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Contingent absolute return autocallable optimization securities
|
| Underlying stock: | Starwood Hotels & Resorts Worldwide, Inc. (Symbol: HOT)
|
| Amount: | $484,000
|
| Maturity: | April 26, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to stock decline
|
| Call: | At par plus 14.5% per year if Starwood stock closes at or above initial share price on July 20, 2012, Oct. 22, 2012, Jan. 22, 2013 or April 22, 2013
|
| Initial share price: | $57.61
|
| Trigger price: | $43.21, 75% of initial share price
|
| Pricing date: | April 20
|
| Settlement date: | April 25
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25154V375
|
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