Published on 8/17/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $5.72 million Stars on Russell 2000, Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Aug. 17 – Deutsche Bank AG, London Branch priced $5.72 million of 0% Strategic Accelerated Redemption Securities due Aug. 26, 2016 linked to a basket holding equal weights of the Russell 2000 index and the Euro Stoxx 50 index, 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 8.88% per year if the basket closes at or above its initial level on any observation date, which will occur six, nine and 12 months after the pricing date.
The payout at maturity will be par unless the basket falls by more than 5%, in which case investors will lose 1% for every 1% that the basket declines beyond 5%.
BofA Merrill Lynch is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Strategic Accelerated Redemption Securities
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Underlying indexes: | Russell 2000 and Euro Stoxx 50, equally weighted
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Amount: | $5,720,090
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Maturity: | Aug. 26, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless basket falls by more than 5%, in which case 1% loss for every 1% decline beyond 5%
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Call: | At par plus a call premium of 8.88% per year if each index closes at or above its initial level on Feb. 19, 2016, May 20, 2016 or Aug. 19, 2016
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Pricing date: | Aug. 13
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Settlement date: | Aug. 20
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Underwriter: | BofA Merrill Lynch
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Fees: | 1.25%
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Cusip: | 25156D472
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