Published on 2/29/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.21 million trigger performance notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Feb. 29 – Deutsche Bank AG, London Branch priced $3.21 million of 0% trigger performance securities due Feb. 27, 2026 linked to the Euro Stoxx 50 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 186.5% of the index return.
If the index return is zero or negative and the index’s final level is greater than or equal to the trigger level, 65% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $3,210,900
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Maturity: | Feb. 27, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 186.5% of index return; if index return is zero or negative and index’s final level is greater than or equal to trigger level, par; if final level is less than trigger level, full exposure to decline in index from its initial level
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Initial index level: | 2,877.42
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Trigger level: | 1,870.32, 65% of initial level
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Pricing date: | Feb. 25
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Settlement date: | Feb. 29
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Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | 5%
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Cusip: | 25190F657
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