| 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 changes fees for $5.53 million midcap plus tracker notes
By Angela McDaniels
Tacoma, Wash., June 23 - Deutsche Bank AG, London Branch changed the maximum underwriter discount for its $5.53 million of 0% midcap plus tracker notes due June 20, 2014 to 0.1% from 0.25%, according to a 424B3 filing with the Securities and Exchange Commission.
The notes are linked to the S&P MidCap 400 Total Return index and the Deutsche Bank Equity Mean Reversion Alpha index (Emerald).
The remaining terms of the deal are unchanged.
The basket level on any day equals 100 plus the return of the S&P 500 Total Return plus triple the return of the Emerald index. The return of each index is reduced by an adjustment factor, which is 0.5% per year plus a flat 0.1% 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 are putable, subject to a fee of 0.5%. They will be called at par plus the basket return if the basket level falls below 40.
Deutsche Bank Securities Inc. is the agent.
The Cusip number is 2515A16R7.
© 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.