Published on 1/12/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $44.78 million digital return notes tied to S&P 500
By Devika Patel
Knoxville, Tenn., Jan. 12 – Deutsche Bank AG, London Branch priced $44,778,000 of 0% digital return notes due Jan. 25, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the 85% trigger level, the payout at maturity will be par plus the digital return of 8%.
Otherwise, the payout will be par plus return with full exposure to losses.
JPMorgan is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Digital return notes
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Underlying index: | S&P 500 index
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Amount: | $44,778,000
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Maturity: | Jan. 25, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index is above the trigger level, par plus 8%; otherwise, par plus return with full exposure to losses
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Initial level: | 1,943.09
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Trigger level: | 1,651.63, 85% of initial level
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Pricing date: | Jan. 7
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Settlement date: | Jan. 12
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Agent: | JPMorgan
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Fees: | 0.8%
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Cusip: | 25152RYR8
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