Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Deutsche Bank plans high/low coupon knock-out notes on indexes, ETF
By Marisa Wong
Madison, Wis., March 17 – Deutsche Bank AG, London Branch plans to price high/low coupon knock-out securities due April 1, 2020 linked to the SPDR S&P MidCap 400 exchange-traded fund, the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If any underlying component closes below its initial level on an annual observation date, the notes will pay a coupon of 9.1% to 9.7% for that year. Otherwise, the notes will pay a coupon of 4% that year.
A knock-out event occurs if any underlying finishes below 75% of its initial level.
If a knock-out event occurs, the payout at maturity will be par plus the return of the lowest performing underlying, with full exposure to losses. Otherwise, the payout will be par.
Deutsche Bank Securities Inc. is the agent.
The notes will price on March 27 and settle on April 1.
The Cusip number is 2515A1MZ1.
© 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.