Published on 1/15/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $11.64 million leveraged buffered notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Jan. 15 – Deutsche Bank AG priced $11.64 million of 0% capped leveraged buffered notes due March 16, 2018 linked to the S&P 500 index, according to 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,312 per $1,000 principal amount of notes.
Investors will receive par if the index falls by 15% or less and will lose 1.17647% for every 1% that it declines beyond 15%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG
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Issue: | Capped leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $11,639,000
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Maturity: | March 16, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, up to maximum settlement amount of $1,312 per $1,000 principal amount; par if index falls by up to 15%; 1.17647% loss for every 1% decline beyond 15%
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Initial index level: | 1,890.28
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Pricing date: | Jan. 13
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Settlement date: | Jan. 21
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Agent: | Barclays
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Fees: | 0%
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Cusip: | 25152RYQ0
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