Published on 10/31/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $2.78 million autocallables linked to Euro Stoxx 50, iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Oct. 31 – Deutsche Bank AG, London Branch priced $2.78 million of 0% autocallable securities due Nov. 2, 2017 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying component closes at or above its initial level on an annual review date, the notes will be automatically called at par plus an annualized call premium of 13.3%.
If the notes are not called, the payout will be par if each underlying component finishes at or above its knock-in level, 70% of its initial level. If either underlying component finishes below its knock-in level, investors will be fully exposed to the decline of the least-performing underlying component.
Deutsche Bank Securities Inc. is the underwriter.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying components: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
| Amount: | $2,775,000
|
| Maturity: | Nov. 2, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlying component finishes at or above knock-in level, par; if either underlying component finishes below knock-in level, full exposure to decline of least-performing underlying component
|
| Call: | Automatically at par plus 13.3% per year if each underlying component closes at or above its initial level on Nov. 2, 2015, Oct. 31, 2016 or Oct. 30, 2017
|
| Initial levels: | 3,036.15 for index and $62.82 for ETF
|
| Knock-out levels: | 2,125.31 for index and $43.97 for ETF; 70% of initial levels
|
| Pricing date: | Oct. 28
|
| Settlement date: | Oct. 31
|
| Underwriter: | Deutsche Bank Securities Inc.
|
| Fees: | 2.25%
|
| Cusip: | 25152RRG0
|
© 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.
