New Issue: Deutsche prices $9.64 million Accelerated Return Notes on Russell 2000

By Jennifer Chiou

New York, March 4 - Deutsche Bank AG, London Branch priced $9,636,400 of 0% Accelerated Return Notes due Feb. 26, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 16.21%. If the index return is negative, investors will have one-to-one exposure to the decline.

BofA Merrill Lynch is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Accelerated Return Notes
Underlying index:	Russell 2000
Amount:	$9,636,400
Maturity:	Feb. 26, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 300% of index return, up to maximum return of 16.21%; 1% loss for every 1% decline in index
Initial index level:	1,187.943
Final index level:	Average of index's closing levels on the five trading days ending Feb. 23, 2016
Pricing date:	Feb. 27
Settlement date:	March 6
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	25155P567

© 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.