Published on 11/5/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $16.26 million accelerated return notes on Russell
By Susanna Moon
Chicago, Nov. 5 – Deutsche Bank AG, London Branch priced $16.26 million of 0% accelerated return securities due May 3, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any index gain, up to a maximum return of 74%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Accelerated return securities
|
Underlying index: | Russell 2000
|
Amount: | $16,257,000
|
Maturity: | May 3, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 130% of any index gain, capped at 74%; par if index falls by up to 10%; exposure to any losses beyond 10%
|
Initial level: | 1,173.51
|
Pricing date: | Oct. 31
|
Settlement date: | Nov. 5
|
Underwriter: | Deutsche Bank Securities Inc.
|
Fees: | 1%
|
Cusip: | 25152RSH7
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.