Published on 9/29/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $3.18 million of capped gears linked to Russell 2000
By Devika Patel
Knoxville, Tenn., Sept. 29 – Deutsche Bank AG, London Branch, priced $3.18 million of 0% capped gears due Nov. 30, 2017 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 triple any index gain, up to a maximum return of 18%.
Investors will lose 1% for each 1% decline.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped gears
|
| Underlying index: | Russell 2000
|
| Amount: | $3,177,200
|
| Maturity: | Nov. 30, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, capped at 18%; 1% loss for each 1% decline
|
| Initial index level: | 1,246.381
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
|
| Fees: | 2.1%
|
| Cusip: | 25190F798
|
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