Published on 12/23/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $23.68 million Accelerated Return Notes linked to S&P MidCap 400
By Angela McDaniels
Tacoma, Wash., Dec. 23 – Deutsche Bank AG, London Branch priced $23.68 million of 0% Accelerated Return Notes due Feb. 24, 2017 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 13.23%. Investors will be exposed to any index decline.
BofA Merrill Lynch is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $23,683,760
|
| Maturity: | Feb. 24, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 13.23%; exposure to any index decline
|
| Initial index level: | 1,396.83
|
| Final index level: | Average of index’s closing levels on five trading days ending Feb. 21, 2017
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 30
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 25156D399
|
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