Published on 10/20/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $15.48 million Leveraged Index Return Notes tied to the Dow
By Tali Rackner
Norfolk, Va., Oct. 20 – Deutsche Bank AG, London Branch priced $15.48 million of 0% Leveraged Index Return Notes due Oct. 29, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 127.6% of any index gain.
If the index finishes at or above the 70% threshold level, the payout will be par.
Otherwise, investors will be exposed to any index decline beyond 30%.
BofA Merrill Lynch is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Leveraged Index Return Notes
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Underlying index: | Dow Jones industrial average
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Amount: | $15,483,400
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Maturity: | Oct. 29, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 127.6% of any index gain; par if index finishes at or above threshold level; exposure to any index decline beyond 30%
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Initial level: | 17,141,75
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Threshold level: | 11,999.23, 70% of initial level
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Pricing date: | Oct. 15
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Settlement date: | Oct. 22
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Agent: | BofA Merrill Lynch
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Fees: | 2.5%
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Cusip: | 25156D423
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