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 to price S&P plus tracker notes linked to two indexes
By Angela McDaniels
Tacoma, Wash., May 4 - Deutsche Bank AG, London Branch plans to price 0% S&P plus tracker notes due May 16, 2014 linked to a basket of indexes that includes the S&P 500 Total Return index and the Deutsche Bank Equity Mean Reversion Alpha index (Emerald), according to a 424B2 filing with the Securities and Exchange Commission.
The basket level on any day equals 100 plus the return of the S&P 500 Total Return plus double the return of the Emerald index. The return of each index is reduced by an adjustment factor, which is a flat 0.5% plus 0.1% per year for the S&P 500 Total Return and 1% per year for the Emerald index.
The payout at maturity will be par plus the basket return, which could be positive or negative.
The notes will be called at par plus the basket return if the basket level falls below 40.
The notes (Cusip: 2515A16K2) will price May 11 and settle May 16.
Deutsche Bank Securities Inc. is the agent.
© 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.