Published on 5/5/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1 million trigger performance notes on MSCI EAFE
By Marisa Wong
Madison, Wis., May 5 – Deutsche Bank AG, London Branch priced $1 million of 0% trigger performance securities due May 6, 2019 linked to the MSCI EAFE 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 of $10 plus 163% of the index return. Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls by more than 25%.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Trigger performance securities
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Underlying index: | MSCI EAFE
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Amount: | $1 million
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Maturity: | May 6, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 163% of index return; par if index falls by up to 25%; full exposure to losses from initial level if index falls by more than 25%
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Initial level: | 1,918.40
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Trigger level: | 1,438.80, 75% of initial level
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Pricing date: | April 30
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Settlement date: | May 5
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Agent: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | None
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Cusip: | 25190H745
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