Published on 5/2/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $2.4 million capped buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., May 2 - Deutsche Bank AG, London Branch priced $2.4 million of 0% capped buffered notes due May 12, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum payout of $1,140 per $1,000 principal amount of notes. If the index return is zero or negative but not below negative 12.5%, the payout will be par. If the index return is less than negative 12.5%, investors will lose 1.14286% for every 1% that the index declines beyond 12.5%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped buffered notes
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Underlying index: | S&P 500
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Amount: | $2,402,000
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Maturity: | May 12, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, subject to maximum payout of $1,140 per $1,000 principal amount of notes; par if index return is zero or negative but not below negative 12.5%; 1.14286% loss for every 1% that index declines beyond 12.5%
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Initial index level: | 1,881.35
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Pricing date: | April 30
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Settlement date: | May 8
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 1.74%
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Cusip: | 25152RJY0
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