Published on 12/11/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $320,000 leveraged buffered notes linked to iShares MSCI EM
By Susanna Moon
Chicago, Dec. 11 - Deutsche Bank AG, London Branch priced $320,000 of 0% leveraged buffered index-linked notes due Sept. 24, 2015 tied to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.4 times any fund gain, up to a maximum payment of $1,229.60 per $1,000 principal amount of notes.
Investors will receive par if the shares fall by up to 15% and will lose 1.17647% for every 1% decline beyond 15%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Leveraged buffered notes
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Underlying fund: | iShares MSCI Emerging Markets ETF
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Amount: | $320,000
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Maturity: | Sept. 24, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any fund gain, capped at 22.96%; par if shares fall by up to 15%; 1.17647% loss for every 1% drop beyond 15%
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Initial level: | $41.94
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Buffer level: | 85% of initial level
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Pricing date: | Dec. 6
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Settlement date: | Dec. 13
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Agent: | Deutsche Bank Securities Inc.
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Fees: | None
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Cusip: | 25152RGG2
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