Published on 8/5/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1 million capped BUyS linked to Vanguard FTSE Emerging Markets
By Angela McDaniels
Tacoma, Wash., Aug. 5 - Deutsche Bank AG, London Branch priced $1 million of 0% capped buffered underlying securities due Feb. 5, 2015 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 18.6%. Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for every 1% that it declines beyond 10%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped buffered underlying securities
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Underlying ETF: | Vanguard FTSE Emerging Markets ETF
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Amount: | $1 million
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Maturity: | Feb. 5, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 18.6%; par if fund declines by 10% or less; 1.1111% loss per 1% drop beyond 10%
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Initial share price: | $39.78
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Pricing date: | Aug. 1
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Settlement date: | Aug. 6
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 0.25%
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Cusip: | 25152REB5
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