Published on 4/17/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1 million 5% securities linked to iShares MSCI EAFE, Russell 2000
By Toni Weeks
San Luis Obispo, Calif., April 17 - Deutsche Bank AG, London Branch priced $1 million of 5% securities due May 20, 2015 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the lesser-performing component falls below its knock-out level, 85% of its initial level, on the May 15, 2015 final valuation date.
If a knock-out event does not occur, the payout at maturity will be par. If a knock-out event occurs, investors will lose 1.1765% for every 1% decline beyond the 15% buffer.
Deutsche Bank Securities Inc is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Securities
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Underlying components: | iShares MSCI EAFE ETF, Russell 2000 index
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Amount: | $1 million
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Maturity: | May 20, 2015
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Coupon: | 5%, payable monthly
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Price: | Par
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Payout at maturity: | If lesser-performing component finishes at or above knock-out level, par; otherwise 1.1765% loss for every 1% decline of lesser-performing component
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Initial levels: | $66.36 for ETF, 1,119.495 for index
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Knock-out levels: | $56.41 for ETF, 951.571 for index, 85% of initial levels
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Pricing date: | April 15
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Settlement date: | April 21
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Agent: | Deutsche Bank Securities Inc.
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Fees: | None
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Cusip: | 25152RJU8
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