Published on 10/31/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $315,000 trigger enhanced notes linked to Stoxx Europe Low Beta
By Angela McDaniels
Tacoma, Wash., Oct. 31 – Deutsche Bank AG, London Branch priced $315,000 of 0% uncapped trigger enhanced participation securities due Nov. 2, 2017 linked to the Stoxx Europe Low Beta High Div 50 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 146% of the index return. Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline if it falls by more than 25%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Uncapped trigger enhanced participation securities
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Underlying index: | Stoxx Europe Low Beta High Div 50
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Amount: | $315,000
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Maturity: | Nov. 2, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 146% of index return; if final index level is less than initial index level but greater than or equal to trigger level, par; if final index level is less than trigger level, full exposure to index’s decline
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Initial index level: | 208.38
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Trigger level: | 156.29, 75% of initial level
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 2%Cusip: | 25152RRP0
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