Deutsche Bank plans tracker notes linked to Emerald index, two ETFs

By Angela McDaniels

Tacoma, Wash., April 22 – Deutsche Bank AG, London Branch plans to price 0% tracker notes due April 27, 2018 linked to a basket that includes the Deutsche Bank Equity Mean Reversion Alpha index, the WisdomTree Europe Hedged Equity Fund and the WisdomTree Japan Hedged Equity Fund, according to an FWP filing with the Securities and Exchange Commission.

Each quarter, investors will receive a cash payment per $1,000 principal amount of securities that equals the total amount of cash dividends declared and paid by each basket ETF to its shareholders during the preceding quarter on the number of shares of the applicable basket ETF equal to (a) the product of $1,000 and the basket component weighting for that basket ETF divided by (b) the initial level of that basket ETF.

The basket level on the pricing date will be 100. On any subsequent day, the basket level will be 100 plus 200% of the Emerald index’s return, two-thirds of the Europe ETF’s return and one-third of the Japan ETF’s return.

The return of each underlying component is reduced by an adjustment factor, which is 1% per year for the index. For each ETF, the adjustment factor is a flat 1.05%.

The notes will be called if the basket level falls below 40.

The payout at maturity or upon redemption will be par multiplied by the quotient of the final basket level divided by the initial basket level.

Deutsche Bank Securities Inc. is the agent.

The notes are expected to price April 24 and settle April 29.

The Cusip number is 25152CSF4.

© 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.