Published on 1/28/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1.27 million accelerated return securities linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Jan. 28 – Deutsche Bank AG, London Branch priced $1.27 million of 0% accelerated return securities due July 31, 2019 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 plus 156% of the index return. Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Accelerated return securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1.27 million
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Maturity: | July 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 156% of index return; par if index falls by 25% or less; full exposure to index’s decline from initial level if it falls by more than 25%
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Initial level: | 3,032.84
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Trigger level: | 2,274.63, 75% of initial level
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 2.75%
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Cusip: | 25152RYL1
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