New York, May 12 – Deutsche Bank AG, London Branch priced $5.25 million of 0% autocallable market-linked step-up notes due May 22, 2020 tied to a basket of international equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is made up of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The notes will be called at par of $10 plus a call premium of 10.5% per year if the index closes at or above the initial level on May 17, 2018 or May 16, 2019.
If the index finishes above the step-up level – 130% of the initial value – the payout at maturity will be par plus the index return.
If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 30%.
Otherwise, investors will be fully exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Autocallable market-linked step-up notes
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| Underlying indexes: | Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight
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| Amount: | $5,250,400
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| Maturity: | May 22, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index finishes above step-up level, par plus gain; if index gains up to step-up value, par plus 30%; full exposure to any index decline
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| Call: | At par of $10 plus a call premium of 10.5% per year if the index closes at or above the initial level on May 17, 2018 or May 16, 2019
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| Step-up level: | 130% of initial level
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| Pricing date: | May 9
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| Settlement date: | May 16
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| Agent: | BofA Merrill Lynch
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| Fees: | 2%
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| Cusip: | 25156D167
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