By Marisa Wong
Morgantown, W.Va., Aug. 26 – Deutsche Bank AG, London Branch priced $4.91 million of 9.45% securities due Aug. 31, 2017 linked to the common stock of Stericycle, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
A knock-out event occurs if the stock closes below the threshold price, 70% of the initial price, on any day during the life of the notes.
The payout at maturity will be par unless a knock-out event occurs and the final price is less than the initial price, in which case the payout will be a number of shares of Stericycle stock equal to $1,000 divided by the initial price.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
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| Underlying stock: | Stericycle, Inc. (Symbol: SRCL)
|
| Amount: | $4,913,700
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| Maturity: | Aug. 31, 2017
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| Coupon: | 9.45%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless a knock-out event occurs and the final price is less than the initial price, in which case 11.7165 shares of Stericycle stock
|
| Knock-out event: | Stock closes below threshold price on any day during the life of the notes
|
| Initial price: | $85.35
|
| Threshold price: | $59.745, 70% of initial price
|
| Pricing date: | Aug. 24
|
| Settlement date: | Aug. 29
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.25%
|
| Cusip: | 25152R4W0
|
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