Published on 6/2/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $39.03 million Capped Leveraged Index Return Notes linked to S&P 500
New York, June 2 - Deutsche Bank AG, London Branch priced $39.03 million of 0% Capped Leveraged Index Return Notes due May 27, 2016 tied to the S&P 500 Index 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 200% of the index return, subject to a maximum payout of par plus 10%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline in the index beyond 10%.
Merrill Lynch & Co. is the underwriter.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | S&P 500 Index
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Amount: | $39,029,930
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Maturity: | May 27, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of index return, subject to maximum payout of par plus 10%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial index level: | 1,920.03
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Pricing date: | May 29
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Settlement date: | June 5
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Underwriters: | Merrill Lynch & Co.
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Fees: | 2%
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Cusip: | 25155Q680
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