By Toni Weeks
San Luis Obispo, Calif., May 6 – Deutsche Bank AG, London Branch priced $3 million of 15% trigger autocallable yield optimization notes due May 10, 2016 linked to the common stock of Twitter Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par of $10 plus the coupon if the stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called and the shares finish at or above the trigger price, 79.75% of the initial share price, the payout at maturity will be par plus the final coupon. Otherwise, investors will receive one Twitter share per $37.84 principal amount of notes.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger autocallable yield optimization notes
|
| Underlying stock: | Twitter, Inc. (Symbol: TWTR)
|
| Amount: | $2,999,993
|
| Maturity: | May 10, 2016
|
| Coupon: | 15%, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus final coupon if Twitter shares finish at or above trigger price; otherwise, one Twitter share per $37.84 principal amount of notes
|
| Call: | At par plus the coupon if Twitter shares close at or above initial price on any quarterly observation date
|
| Initial share price: | $37.84 (closing price on May 1)
|
| Trigger price: | $30.18, 79.75% of initial price
|
| Pricing date: | May 4
|
| Settlement date: | May 7
|
| Underwriters: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 1.5%
|
| Cusip: | 25190H497
|
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