Published on 7/24/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $26.36 million capped leveraged buffered notes tied to S&P 500
By Jennifer Chiou
New York, July 24 – Deutsche Bank AG, London Branch priced $26,355,000 of 0% capped leveraged buffered index-linked notes due July 26, 2016 tied 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 1.5 times the index gain, subject to a maximum payment of $1,137.70 per $1,000 of notes.
Investors will receive par if the index falls by up to 10% and will share in losses at a rate of 1.11111% per 1% drop beyond the 10% buffer.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped leveraged buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $26,355,000
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Maturity: | July 26, 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 150% of index gain, with returns capped at 13.77%; par if index falls by up to 10%; 1.11111% loss for every 1% decline beyond 10%
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Initial level: | 1,973.63
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Buffer level: | 90% of initial level
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Pricing date: | July 21
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Settlement date: | July 28
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 2%
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Cusip: | 25152RMF7
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