Published on 3/28/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $6.39 million bearish contingent autocallables linked to wheat
By Angela McDaniels
Tacoma, Wash., March 28 - Deutsche Bank AG, London Branch priced $6.39 million of 0% bearish contingent participation autocallable optimization securities due Dec. 31, 2014 linked to the performance of wheat futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
If the futures contracts closing price is less than or equal to the initial price on any quarterly observation date, the notes will be automatically called at par of $10 plus an annualized call return of 15.75%.
If the notes are not called and the final price is greater than the initial price but less than or equal to the trigger price, 120% of the initial price, the payout at maturity will be par plus 1% for every 1% that the final price is greater than the initial price. If the final price is greater than the trigger price, the payout will be par minus 1% for every 1% that the final price is greater than the initial price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Brancah
|
| Issue: | Bearish contingent participation autocallable optimization securities
|
| Underlying commodity: | Wheat
|
| Amount: | $6,387,000
|
| Maturity: | Dec. 31, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final price of wheat is greater than initial price but less than or equal to trigger price, par plus wheat return; if final price is greater than trigger price, par minus wheat return
|
| Call: | Automatically at par plus 15.75% per year if wheat closes at or below initial price on June 26, 2014, Sept. 26, 2014 or Dec. 26, 2014
|
| Initial wheat price: | 710.5 cents
|
| Trigger price: | 852.6 cents, 120% of initial price
|
| Pricing date: | March 27
|
| Settlement date: | March 31
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.25%
|
| Cusip: | 25155Q706
|
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