Published on 3/20/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $29.6 million capped leveraged buffered notes on Euro Stoxx 50
By Susanna Moon
Chicago, March 20 - Deutsche Bank AG, London Branch priced $29.6 million of 0% capped leveraged buffered notes due March 23, 2016 linked to the Euro Stoxx 50 index, converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payment of $1,276.00 for each $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped leveraged buffered notes
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Underlying index: | Euro Stoxx 50, converted into dollars
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Amount: | $29,599,000
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Maturity: | March 23, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at 27.6%; par if index falls by up to 10%; 1.1111% loss per drop beyond 10%
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Initial level: | 4,276.508375
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Pricing date: | March 18
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Settlement date: | March 25
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 1.75%
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Cusip: | 25152RJL8
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