Published on 5/6/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $2.49 million three-year Stars linked to two automotive stocks
By Toni Weeks
San Luis Obispo, Calif., May 6 – Deutsche Bank AG, London Branch priced $2.49 million of 0% Strategic Accelerated Redemption Securities due April 27, 2018 linked to the worst-performing of the common stocks of Ford Motor Co. and General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call premium of 27.85% per year if the each stock closes at or above its initial level on any annual review date.
The payout at maturity will be par unless any stock falls, in which case investors will be exposed to any losses of the worst-performing stock.
BofA Merrill Lynch is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Strategic Accelerated Redemption Securities
|
| Underlying stocks: | Ford Motor Co. (Symbol: F) and General Motors Co. (Symbol: GM)
|
| Amount: | $2.49 million
|
| Maturity: | April 27, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock falls, in which case exposure to any losses of worst-performing stock
|
| Call: | At par plus call premium of 27.85% per year if each stock closes at or above its initial level on May 6, 2016, April 21, 2017 or April 20, 2018
|
| Initial prices: | $15.78 for Ford, $35.40 for GM
|
| Pricing date: | May 4
|
| Settlement date: | May 11
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 25155G310
|
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