Published on 3/1/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $20.83 million callable contingent yield notes on indexes
By Marisa Wong
Morgantown, W.Va., March 1 – Deutsche Bank AG, London Branch priced $20.83 million of callable contingent yield securities due March 3, 2020 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at an annual rate of 9.33% if each index closes at or above its coupon barrier, 65% of its initial level, on the observation period for that quarter.
The notes will be callable at par on any coupon payment date after one year but before maturity.
The payout at maturity will be par plus the contingent coupon unless any index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Callable contingent yield securities
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| Underlying indexes: | S&P 500, Russell 2000, Euro Stoxx 50
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| Amount: | $20.83 million
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| Maturity: | March 3, 2020
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| Coupon: | 9.33%, payable quarterly if each index closes at or above barrier level on quarterly observation date
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| Price: | Par of $1,000
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| Payout at maturity: | Par unless any index finishes below trigger level, in which case 1% loss for each 1% decline of the worst performing index
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| Call option: | At par on any coupon payment date after one year and prior to maturity
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| Initial levels: | 1,394.525 for Russell, 2,367.34 for S&P, 3,304.09 for Euro Stoxx
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| Barrier/trigger levels: | 906.441 for Russell, 1,538.77 for S&P, 2,147.66 for Euro Stoxx; 65% of initial levels
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| Pricing date: | Feb. 27
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| Settlement date: | March 2
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| Agent: | Deutsche Bank Securities Inc.
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| Fees: | 0.1%
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| Cusip: | 25152R7B3
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