Published on 4/7/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $66.6 million notes linked to return enhanced indexes
By Angela McDaniels
Tacoma, Wash., April 7 – Deutsche Bank AG, London Branch priced $66.6 million of 0% notes due April 20, 2016 linked to an unequally weighted basket of capped return enhanced components, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 58% weight, the FTSE 100 index with a 21% weight and the Topix index with a 21% weight.
The payout at maturity will be par plus the basket return, which will equal the sum of the weighted component returns of the basket indexes. The notes are not principal protected, so the payout will be less than par if the basket return is negative.
If an index's final level is greater than its initial level, its component return will be 200% of its underlying return, subject to a maximum return of 20.9% for each index. If an index's final level is less than its initial level, its component return will be equal to its underlying return.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Notes linked to basket of capped return enhanced components
|
| Underlying components: | Euro Stoxx 50 index (58% weight), FTSE 100 index (21% weight) and Topix index (21% weight)
|
| Amount: | $66,604,000
|
| Maturity: | April 20, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus sum of weighted component returns of basket indexes
|
| Component return: | If index's final level is greater than initial level, 200% of underlying return, subject to 20.9% cap; if index's final level is less than initial level, amount equal to underlying return
|
| Initial index levels: | 3,715.27 for Euro Stoxx 50, 6,833.46 for FTSE 100 and 1,554.17 for Topix
|
| Pricing date: | April 2
|
| Settlement date: | April 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 25152RB44
|
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