Published on 3/31/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $6.04 million capped leveraged buffered notes on S&P 500
By Jennifer Chiou
New York, March 31 – Deutsche Bank AG, London Branch priced $6,042,000 of 0% capped leveraged buffered notes due March 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.4 times any index gain, up to a maximum payment of $1,228.20 per $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.14286% for every 1% decline beyond 12.5%.
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: | S&P 500
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Amount: | $6,042,000
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Maturity: | March 30, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any index gain, capped at 22.82%; par if index declines by 12.5% or less; 1.14286% loss for every 1% drop beyond 12.5%
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Initial level: | 2,061.02
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Barrier level: | 87.5% of initial level
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Pricing date: | March 27
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Settlement date: | April 6
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Agent: | Deutsche Bank Securities Inc.
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Fees: | None
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Cusip: | 25152RA52
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