Published on 11/6/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $935,000 trigger return enhanced notes linked to ETF, Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Nov. 6 – Deutsche Bank AG, London Branch priced $935,000 of 0% trigger return enhanced securities due Nov. 7, 2022 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser-performing underlier’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 300% of the lesser-performing underlier’s return.
If the final level of the lesser-performing underlier is less than its initial level but greater than or equal to its trigger level, 50% of its initial level, the payout will be par.
If the final level of the lesser-performing underlier is less than its trigger level, investors will lose 1% for every 1% that the lesser-performing underlier declines from its initial level.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger return enhanced securities
|
| Underliers: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $935,000
|
| Maturity: | Nov. 7, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If lesser-performing underlier’s final level is greater than or equal to initial level, par plus 300% of lesser-performing underlier’s return; if final level of lesser-performing underlier is less than initial level but greater than or equal to trigger level, par; if final level of lesser-performing underlier is less than trigger level, 1% loss for every 1% that lesser-performing underlier declines from initial level
|
| Initial levels: | $69.91 for ETF and 3,688.80 for index
|
| Trigger levels: | $34.96 for ETF and 1,844.40 for index; 50% of initial levels
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 7
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.75%
|
| Cusip: | 25155MEU1
|
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