Published on 6/26/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $7.66 million autocallables linked to iShares MSCI EAFE, Russell
By Angela McDaniels
Tacoma, Wash., June 26 – Deutsche Bank AG, London Branch priced $7.66 million of 0% autocallable securities due Dec. 27, 2018 linked to the lesser-performing of the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 9% per year if each underlier closes at or above its initial level on Dec. 22, 2017, June 22, 2018 or Dec. 21, 2018.
If the final level of the lesser-performing underlier is greater than or equal to its buffer level, 80% of its initial level, the payout at maturity will be par plus 5%. Otherwise, investors will lose 1.25% for each 1% that the lesser-performing underlier declines beyond 20%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underliers: | iShares MSCI EAFE ETF and Russell 2000 index
|
| Amount: | $7,661,000
|
| Maturity: | Dec. 27, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of lesser-performing underlier is greater than or equal to buffer level, par plus 5%; otherwise, 1.25% loss for each 1% that lesser-performing underlier declines beyond 20%
|
| Call: | Automatically at par plus premium of 9% per year if each underlier closes at or above initial level on Dec. 22, 2017, June 22, 2018 or Dec. 21, 2018
|
| Initial levels: | $64.99 for ETF and 1,399.255 for index
|
| Buffer levels: | $51.99 for ETF and 1,119.404 for index; 80% of initial levels
|
| Pricing date: | June 22
|
| Settlement date: | June 27
|
| Agents: | Deutsche Bank Securities Inc.
|
| Fees: | 0.5%
|
| Cusip: | 25155MBY6
|
© 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.
