By Susanna Moon
Chicago, June 1 – Deutsche Bank AG, London Branch priced $12.72 million of 0% contingent absolute return autocallable optimization securities due June 10, 2016 linked to Apple Inc. shares, 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 11.92% if Apple stock closes at or above the initial share price on any quarterly observation date.
If the stock finishes at or above the trigger level, 85% 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 any losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Contingent absolute return autocallable optimization securities
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| Underlying stock: | Apple Inc. (Symbol: AAPL)
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| Amount: | $12,717,500
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| Maturity: | June 10, 2016
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| Coupon: | 0%
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| Price: | Par of $10.00
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| 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
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| Call: | At par plus 11.92% per year if Apple stock closes at or above initial share price on any quarterly observation date
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| Initial share price: | $132.045
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| Trigger price: | $112.238, 85% of initial share price
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| Pricing date: | May 27
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| Settlement date: | May 29
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| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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| Fees: | 1.5%
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| Cusip: | 25190H174
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