Published on 7/17/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1.5 million leveraged notes linked to 10 stocks
By Angela McDaniels
Tacoma, Wash., July 17 – Deutsche Bank AG, London Branch priced $1.5 million of 0% capped leveraged notes due July 18, 2019 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket includes the common stocks of Bank of America Corp., Cracker Barrel Old Country Store, Inc., Costco Wholesale Corp., Five Below, Inc., Goldman Sachs Group, Inc., Home Depot, Inc., lululemon athletica inc., PNC Financial Services Group, Inc., SVB Financial Group and State Street Corp.
If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 300% of the basket return, subject to a maximum return of 23.7%. If the final basket level is less than the initial basket level, investors will be exposed to the basket’s decline.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped leveraged notes
|
| Underlying stocks: | Bank of America Corp., Cracker Barrel Old Country Store, Inc., Costco Wholesale Corp., Five Below, Inc., Goldman Sachs Group, Inc., Home Depot, Inc., lululemon athletica inc., PNC Financial Services Group, Inc., SVB Financial Group and State Street Corp., equally weighted
|
| Amount: | $1,495,000
|
| Maturity: | July 18, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is greater than initial basket level, par plus 300% of basket return, subject to 23.7% maximum return; if final basket level is less than initial basket level, exposure to basket’s decline
|
| Initial share prices: | $24.35 for Bank of America, $160.26 for Cracker Barrel, $151.75 for Costco, $45.36 for Five Below, $227.39 for Goldman, $152.59 for Home Depot, $58.72 for lululemon, $127.22 for PNC, $182.17 for SVB and $90.99 for State Street (closing share prices on strike date)
|
| Strike date: | July 12
|
| Trade date: | July 14
|
| Settlement date: | July 18
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 25155MCL3
|
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