Published on 5/12/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $10.97 million capped leveraged buffered notes on index basket
By Marisa Wong
Madison, Wis., May 12 – Deutsche Bank AG, London Branch priced $10.97 million of 0% capped leveraged buffered notes due March 10, 2017 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 1.3 times any basket gain, up to a maximum settlement amount of $1,216.45 for each $1,000 principal amount.
Investors will receive par if the basket declines by up to 12.5% and will lose 1.14286% for each 1% decline in the basket beyond 12.5%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Capped leveraged buffered basket-linked notes
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| Underlying basket: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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| Amount: | $10.97 million
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| Maturity: | March 10, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 130% of basket return, with maximum payout of $1,216.45 per $1,000 of notes; par if basket falls by up to 12.5%; 1.14286% loss for each 1% decline beyond 12.5%
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| Initial index levels: | 3,649.48 for Euro Stoxx, 7,046.82 for FTSE, 1,587.76 for Topix, 9,093.33 for Swiss Market and 5,634.557 for S&P/ASX 200
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| Initial basket level: | 100
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| Pricing date: | May 8
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| Settlement date: | May 15
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| Agent: | Deutsche Bank Securities Inc.
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| Fees: | None
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| Cusip: | 25152RE66
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