By Marisa Wong
Madison, Wis., Feb. 3 - Deutsche Bank AG, London Branch updated the fees for its recently priced $11.8 million of 5% securities due Feb. 18, 2015 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B3 filing with the Securities and Exchange Commission.
The discounts and commissions were zero instead of 0.25% as stated in a previous 424B2 filing.
Interest is payable monthly.
A knock-out event occurs if the final level of the lesser performing component is less than its knock-out level, 85% of its initial level.
If a knock-out event does not occur, the payout at maturity will be par. Otherwise, investors will lose 1.1765% for every 1% that the lesser performing component declines beyond 15%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Securities
|
| Underlying components: | iShares MSCI EAFE ETF and Russell 2000 index
|
| Amount: | $11.8 million
|
| Maturity: | Feb. 18, 2015
|
| Coupon: | 5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final level of lesser performing component is less than knock-out level, in which case investors will lose 1.1765% for every 1% that lesser performing component declines beyond 15%
|
| Initial levels: | $64.38 for ETF, 1,122.45 for index
|
| Knock-out levels: | $54.72 for ETF, 954.08 for index; 85% of initial levels
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 3
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
| Cusip: | 25152RHN6
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
