Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for South African rand > News item |
Deutsche Bank plans three-year digital notes linked to four currencies
By Angela McDaniels
Tacoma, Wash., April 26 – Deutsche Bank AG, London Branch plans to price 0% notes due May 7, 2019 linked to the performance of a basket of four currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket consists of the Brazilian real, the Indian rupee, the Russian ruble and the South African rand.
If the basket return is greater than or equal to zero – meaning that the basket currencies, as a whole, strengthen or remain unchanged relative to the dollar – the payout at maturity will be par plus 26%.
If the basket return is less than zero but greater than or equal to negative 5%, the payout will be par plus 6%.
If the basket return is less than negative 5%, the payout will be par.
For each basket currency, the final spot rate will be the average of its spot rates on the five trading days ending April 30, 2019.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The notes will price April 29.
The Cusip number is 2515A1NS6.
© 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.