New Issue: Deutsche Bank sells $13.25 million Accelerated Return Notes on three tech stocks

By Marisa Wong

Morgantown, W.Va., Dec. 3 – Deutsche Bank AG, London Branch priced $13.25 million of 0% Accelerated Return Notes due Jan. 27, 2017 linked to a basket of technology sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is composed of salesforce.com, inc. with a 33.34% weight, Apple Inc. with a 33.33% weight and Facebook, Inc. with a 33.33% weight.

If the basket return is positive, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return of 17.7%. Investors will lose 1% for every 1% decline in the basket.

BofA Merrill Lynch is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Accelerated Return Notes
Underlying stocks:	salesforce.com, inc. (Symbol: CRM) with a 33.34% weight, Apple Inc. (Symbol: AAPL) with a 33.33% weight and Facebook, Inc. (Symbol: FB) with a 33.33% weight
Amount:	$13,249,870
Maturity:	Jan. 27, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 17.7%; exposure to any basket decline
Initial share prices:	$118.88 for Apple, $105.74 for Facebook, $80.39 for salesforce
Pricing date:	Nov. 24
Settlement date:	Dec. 2
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	25190J295

© 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.