Published on 6/2/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $67.8 million Accelerated Return Notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., June 2 - Deutsche Bank AG, London Branch priced $67.8 million of 0% Accelerated Return Notes due July 31, 2015 linked to the Euro Stoxx 50 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 300% of the index return, subject to a maximum payout of par plus 15%. Investors will lose 1% for every 1% decline in the index.
BofA Merrill Lynch is the underwriter.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $67,801,070
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Maturity: | July 31, 2015
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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 300% of index return, subject to maximum payout of par plus 15%; 1% loss for every 1% that index declines
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Initial index level: | 3,244.66
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Final index level: | Average of index's closing levels on five trading days ending July 28, 2015
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Pricing date: | May 29
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Settlement date: | June 5
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 25155Q649
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