Published on 7/31/2012 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $2.58 million 7.5% airbag notes tied to Anadarko
By Marisa Wong
Madison, Wis., July 31 - Deutsche Bank AG, London Branch priced $2.58 million of 7.5% annualized airbag yield optimization notes due Jan. 31, 2013 linked to the common stock of Anadarko Petroleum Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
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 Anadarko shares equal to $1,000 divided by the conversion price. The conversion price is 80% of the initial share price.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Airbag yield optimization notes
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Underlying stock: | Anadarko Petroleum Corp. (NYSE: APC)
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Amount: | $2,584,000
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Maturity: | Jan. 31, 2013
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Coupon: | 7.5%, payable monthly
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Price: | Par
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Payout at maturity: | If final share price is less than conversion price, number of Anadarko shares equal to $1,000 divided by conversion price; otherwise, par
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Initial share price: | $71.41
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Conversion price: | $57.13, 80% of initial share price
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Pricing date: | July 27
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Settlement date: | July 31
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Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | 1%
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Cusip: | 25154X520
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