By Toni Weeks
San Luis Obispo, Calif., Sept. 16 – Deutsche Bank AG, London Branch priced $947,510 of call warrants expiring Sept. 15, 2017 linked to the Euro Stoxx 50 index via J.P. Morgan Securities LLC, according to a 424B2 filing with the Securities and Exchange Commission.
The notional amount is $1,000 per warrant. The issue price is $102.70 per warrant, equal to 10.27% of the notional amount.
On the expiration date, the warrants will be exercised automatically, and investors will receive the cash settlement value.
If the final index level is greater than the initial index level, the cash settlement value will be $1,000 multiplied by the index return. If the final index level is less than or equal to the initial index level, the cash settlement value will be zero, and the warrants will expire worthless.
The issuer noted that in order for investors to receive a positive return, the final index level must be greater than the initial level by more than 10.27%.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Call warrants
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $947,510.20
|
| Expiration date: | Sept.15, 2017
|
| Notional amount: | $1,000
|
| Issue price: | $102.70
|
| Payout at expiration: | If final index level is greater than initial index level, $1,000 multiplied by index return; if final index level is less than or equal to initial index level, zero
|
| Initial index level: | 3,235.07
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 17
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | $6.50 per warrant
|
| Cusip: | 25157U812
|
© 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.
