Published on 5/22/2019 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.14 million capped BUyS tied to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, May 22 – Deutsche Bank AG, London Branch priced $3.14 million of 0% capped buffered underlying securities due June 1, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.7 times any index gain, capped at 16.4%.
Investors will receive par if the index falls by up to 5% and will lose 1.0526% for every 1% decline beyond 5%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped buffered underlying securities
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Underlying index: | Russell 2000
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Amount: | $3,144,000
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Maturity: | June 1, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.7 times any index gain, capped at 16.4%; par if index declines by 5% or less; 1.0526% loss per 1% drop beyond 5%
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Initial index level: | 1,535.673
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Pricing date: | May 20
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Settlement date: | May 23
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 0%
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Cusip: | 25155MMM0
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