Published on 4/30/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.68 million contingent absolute return notes on Euro Stoxx
By Marisa Wong
Madison, Wis., April 30 – Deutsche Bank AG, London Branch priced $3.68 million of 0% contingent absolute return performance securities due April 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index return is positive, the payout at maturity will be par plus 131.5% of the index return.
If the index return is zero or negative and the final index level is at least 75% of the initial level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the 75% trigger level, investors will receive par plus the index return, with full exposure to losses.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. will be the agents.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Contingent absolute return performance securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $3,680,010
|
Maturity: | April 30, 2020
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is positive, par plus 131.5% of index return; if index return is zero or negative and final index level is greater than or equal to trigger level, par plus absolute value of index return; otherwise, full exposure to index’s decline
|
Initial index level: | 3,715.42
|
Trigger level: | 2,786.57, 75% of initial index level
|
Pricing date: | April 28
|
Settlement date: | April 30
|
Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
Fees: | 3.5%
|
Cusip: | 25190G531
|
|
© 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.