New Issue: Deutsche Bank prices $2.1 million Stars linked to three financial stocks

By Angela McDaniels

Tacoma, Wash., Aug. 7 – Deutsche Bank AG, London Branch priced $2.1 million of 0% Strategic Accelerated Redemption Securities due Aug. 16, 2019 linked to the worst performing of the common stocks of Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call premium of 19.71% per year if each stock closes at or above its initial share price on any annual call observation date.

If the notes are not called, the payout at maturity will be par minus 1% for every 1% that the worst-performing stock finishes below its initial share price.

BofA Merrill Lynch is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Strategic Accelerated Redemption Securities
Underlying stocks:	Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC)
Amount:	$2,103,000
Maturity:	Aug. 16, 2019
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par minus 1% for every 1% that worst-performing stock finishes below initial share price
Call:	At par plus call premium of 19.71% per year if each stock closes at or above initial share price on any annual call observation date
Initial share prices:	$58.74 for Citigroup, $68.73 for JPMorgan and $57.65 for Wells Fargo
Pricing date:	Aug. 5
Settlement date:	Aug. 11
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	25156D456

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.