Published on 7/30/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $22.21 million trigger performance securities tied to Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., July 30 - Deutsche Bank AG, London Branch priced $22.21 million of 0% trigger performance securities due July 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 203.44% of the index return.
Investors will receive par if the index falls by 50% or less and will be fully exposed to losses from the initial level if it falls by more than 50%.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Trigger performance securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $22,206,680
|
Maturity: | July 31, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 203.44% of any index gain; par if index falls by 50% or less; full exposure to losses if index finishes below trigger level
|
Initial index level: | 2,741.73
|
Trigger level: | 1,370.87, 50% of initial level
|
Pricing date: | July 29
|
Settlement date: | July 31
|
Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
Fees: | 5%
|
Cusip: | 25155L806
|
© 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.