By Toni Weeks
San Luis Obispo, Calif., April 15 – Deutsche Bank AG, London Branch priced $4.8 million of 0% capped leveraged buffered notes due April 20, 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 1.5 times any index gain, up to a maximum payment of $1,166.50 per $1,000 principal amount.
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: | S&P 500
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Amount: | $4.8 million
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Maturity: | April 20, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 16.65%; par if index declines by 10% or less; 1.1111% loss for every 1% drop beyond 10%
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Initial level: | 2,092.43
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Barrier level: | 90% of initial level
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Pricing date: | April 13
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Settlement date: | April 20
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 2%
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Cusip: | 25152RB28
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