Published on 12/18/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $8.19 million leveraged buffered notes linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Calif., Dec. 18 - Deutsche Bank AG, London Branch priced $8.19 million of 0% capped leveraged buffered index-linked notes due June 18, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.3 times the index return, subject to a maximum payment of $1,156 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% index decline beyond the 10% buffer.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $8,188,000
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Maturity: | June 18, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any index gain, capped at 15.6%; par if index falls by up to 10%; 1.1111% loss for every 1% index decline beyond 10% buffer
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Initial level: | 1,775.32
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Buffer level: | 90% of initial level
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Pricing date: | Dec. 13
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Settlement date: | Dec. 20
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Agent: | Deutsche Bank Securities Inc.
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Fees: | None
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Cusip: | 25152RGH0
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