Published on 3/13/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $10 million autocallables linked to three indexes
By Susanna Moon
Chicago, March 13 – Deutsche Bank AG, London Branch priced $10 million of 0% autocallable securities due March 9, 2020 linked to the Russell 2000 index, S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 11.75% if each index closes at or its initial level on either call date.
If each index finishes at or above its 70% trigger level, the payout at maturity will be the digital return of 35.25%.
Otherwise, investors will be fully exposed to any losses of the worst performing index.
Deutsche Bank Securities is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Autocallable securities
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Underlying indexes: | Russell 2000, S&P 500 and Euro Stoxx 50
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Amount: | $10 million
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Maturity: | March 9, 2020
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Coupon: | 0%
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Price: | Par
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Call: | At par plus 11.75% if each index closes above its initial level on March 7, 2018 or March 6, 2019
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Payout at maturity: | Par plus 35.25% if each index finishes at or above 70% trigger; otherwise, 1% loss per 1% decline of worst performing index
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Initial levels: | 1,384.245 for Russell, 2,375.31 for S&P, 3,385.12 for Stoxx
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Trigger levels: | 968.972 for Russell, 1,662.72 for S&P, 2,369.58 for Stoxx; 70% of initial levels
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Pricing date: | March 6
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Settlement date: | March 9
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Underwriter: | Deutsche Bank Securities Inc.
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Fees: | 0.9%
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Cusip: | 25155MAC5
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