Published on 11/14/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $23.43 million leveraged notes linked to index basket
By Susanna Moon
Chicago, Nov. 14 – Deutsche Bank AG, London Branch priced $23.43 million of 0% leveraged notes due Nov. 17, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.38 times any basket gain.
Investors will be exposed to any losses.
Deutsche Bank Securities Inc. is the underwriter.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $23,432,000
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Maturity: | Nov. 17, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.38 times basket return; exposure to any losses
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Initial index levels: | 3,047.30 for Euro Stoxx, 6,611.04 for FTSE; 1,377.05 for Topix; 8,867.7 for Swiss Market; 5,463.052 for S&P/ASX 200
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Pricing date: | Nov. 12
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Settlement date: | Nov. 19
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Underwriter: | Deutsche Bank Securities Inc.
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Fees: | 2%
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Cusip: | 25152RSN4
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