Published on 3/8/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $3.65 million two-year securities linked to Russell
By Susanna Moon
Chicago, March 8 – Deutsche Bank AG, London Branch priced $3.65 million of 0% securities due March 8, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 27.75%.
If the index falls by up to 30%, the payout will be 50% of the absolute value of the return.
If the index finishes below the 70% trigger level, investors will be fully exposed to any losses.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Securities
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| Underlying index: | Russell 2000
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| Amount: | $3,654,000
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| Maturity: | March 8, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 150% of any index gain, capped at 27.75%; if the index falls by up to 30%, 50% of the absolute value of the return; otherwise, full exposure to any losses
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| Initial level: | 1,076.048
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| Trigger level: | 753.234, 70% of initial level
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| Pricing date: | March 3
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| Settlement date: | March 8
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| Agent: | Deutsche Bank Securities Inc.
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| Fees: | None
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| Cusip: | 2515A1N56
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