Published on 6/1/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $51.31 million Leveraged Index Return Notes on S&P 500
By Marisa Wong
Madison, Wis., June 1 – Deutsche Bank AG, London Branch priced $51.31 million of Leveraged Index Return Notes due May 25, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 135.6% of any index gain.
Investors will be fully exposed to any index decline.
BofA Merrill Lynch is the underwriter.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | S&P 500
|
| Amount: | $51,309,080
|
| Maturity: | May 25, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 135.6% of any index gain; full exposure to any losses
|
| Initial level: | 2,120.79
|
| Pricing date: | May 28
|
| Settlement date: | June 4
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 25156D597
|
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