By Angela McDaniels
Tacoma, Wash., April 28 – Deutsche Bank AG, London Branch priced $6.14 million of 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 a 424B2 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.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Tracker notes
|
| Underlyings: | Deutsche Bank Equity Mean Reversion Alpha index, WisdomTree Europe Hedged Equity Fund and WisdomTree Japan Hedged Equity Fund
|
| Amount: | $6,142,000
|
| Maturity: | April 27, 2018
|
| Quarterly payments: | Cash payment equal to total amount of cash dividends declared and paid by each basket ETF to its shareholders during preceding quarter on number of shares of applicable basket ETF equal to (a) product of $1,000 and basket component weighting for that basket ETF divided by (b) initial level of that basket ETF
|
| Price: | Par
|
| Payout at maturity: | Par multiplied by quotient of final basket level divided by initial basket level
|
| Call: | Automatically if basket level falls below 40
|
| Initial levels: | 213.33 for index, $66.91 for Europe ETF and $57.91 for Japan ETF
|
| Basket level: | 100 on pricing date; on any subsequent day, 100 plus 200% of index’s return, two-thirds of Europe ETF’s return and one-third of Japan ETF’s return; returns are reduced by adjustment factor of 1% per year for index and flat 1.05% for each ETF
|
| Pricing date: | April 24
|
| Settlement date: | April 29
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.25%
|
| Cusip: | 25152CSF4
|
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