Published on 6/30/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $6.65 million return optimization notes on Russell
By Marisa Wong
Madison, Wis., June 30 – Deutsche Bank AG, London Branch priced $6.65 million of 0% return optimization securities due July 29, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus three times the index return, subject to a maximum return of 14.1%. Investors will be fully exposed to any index decline.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Return optimization securities
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Underlying index: | Russell 2000
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Amount: | $6,649,900
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Maturity: | July 29, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 14.1%; exposure to any index decline
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Initial level: | 1,283.281
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Pricing date: | June 25
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Settlement date: | June 30
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Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.=
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Fees: | 2%
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Cusip: | 25190H711
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