Published on 3/17/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $191,113 three-year call warrants on Euro Stoxx 50
By Jennifer Chiou
New York, March 17 – Deutsche Bank AG, London Branch priced $191,113 of call warrants expiring March 16, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The 1,586 warrants have a notional amount of $1,000 each, or $1,586,000 total, and sold for $120.50 each, or 12.05% of the notional amount. The minimum purchase requirement is 83 warrants.
The warrants will be automatically exercised on the expiration date if the index's final level is greater than the initial index level. The cash settlement amount will be the greater of (a) the notional amount per warrant multiplied by the index return and (b) zero.
The index return must be greater than 12.05% for investors to receive a positive return on their initial investments.
If the index's final level is equal to or less than the initial index level, the warrants will expire worthless and investors will lose their entire initial investments in the warrants.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Call warrants
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| Underlying index: | Euro Stoxx 50
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| Warrants: | 1,586
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| Notional amount: | $1,000 each, or $1,586,000 total
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| Price: | $120.50 each, or $191,113 total
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| Expiration date: | March 16, 2018
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| Payout: | If index's final level is greater than initial index level, warrants will be automatically exercised and investors will receive greater of (a) notional amount per warrant multiplied by index return and (b) zero; if index's final level is equal to or less than initial index level, warrants will expire worthless and investors will receive nothing
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| Initial index level: | 3,656.21
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| Pricing date: | March 13
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| Settlement date: | March 18
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| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | $6.50 per warrant
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| Cusip: | 25190G309
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