Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Deutsche Bank AG, London Branch > News item |
Deutsche Bank plans market contribution notes linked to Liquid Alpha
By Angela McDaniels
Tacoma, Wash., Sept. 17 - Deutsche Bank AG, London Branch plans to price 0% market contribution securities due Oct. 26, 2015 linked to the Deutsche Bank Liquid Alpha USD 5 Total Return index, according to an FWP filing with the Securities and Exchange Commission.
The notes are callable and putable on Nov. 2, 2011, Oct. 29, 2012, Oct. 28, 2013 and Oct. 27, 2014.
The payout upon redemption or at maturity will be par plus the index return, which could be positive or negative, and minus the adjustment factor.
The adjustment factor is approximately 1.75% per year. According to the prospectus, for the purposes of calculating the adjustment factor during the first year, 1% is applied as an up-front cost immediately on the pricing date, while the remaining 0.75% is applied throughout the year. During subsequent years, the entire 1.75% adjustment factor is applied evenly throughout the year.
The notes (Cusip: 2515A07D9) are expected to price Oct. 20 and settle Oct. 25.
Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.
© 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.