Published on 7/30/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $2.61 million trigger performance securities tied to Russell 2000
By Jennifer Chiou
New York, July 30 – Deutsche Bank AG, London Branch priced $2,611,000 of 0% trigger performance securities due July 31, 2024 linked to the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 139% of the index return.
Investors will receive par if the index falls by 40% or less and will be fully exposed to losses from the initial level if it falls by more than 40%.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Trigger performance securities
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Underlying index: | Russell 2000
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Amount: | $2,611,000
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Maturity: | July 31, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 139% of any index gain; par if index falls by 40% or less; full exposure to losses if index finishes below trigger level
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Initial index level: | 1,139.50
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Trigger level: | 683.70, 60% of initial level
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Pricing date: | July 28
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Settlement date: | July 31
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Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | 5%
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Cusip: | 25155V655
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