New Issue: Deutsche Bank sells $10 million five-year autocallables tied to indexes

By Susanna Moon

Chicago, March 13 – Deutsche Bank AG, London Branch priced $10 million of 0% autocallable securities due March 9, 2022 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 13.25% if each index closes at or its initial level on any of four annual call dates.

If each index finishes at or above its 70% trigger level, the payout at maturity will be the digital return of 66.25%.

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
Issue:	Autocallable securities
Underlying indexes:	Russell 2000, S&P 500 and Euro Stoxx 50
Amount:	$10 million
Maturity:	March 9, 2022
Coupon:	0%
Price:	Par
Call:	At par plus 13.25% if each index closes above its initial level on March 7, 2018, March 6, 2019, March 4, 2020 or March 4, 2021
Payout at maturity:	Par plus 66.25% if each index finishes at or above 70% trigger; otherwise, 1% loss per 1% decline of worst performing index
Initial levels:	1,384.245 for Russell, 2,375.31 for S&P, 3,385.12 for Stoxx
Trigger levels:	968.972 for Russell, 1,662.72 for S&P, 2,369.58 for Stoxx; 70% of initial levels
Pricing date:	March 6
Settlement date:	March 9
Underwriter:	Deutsche Bank Securities Inc.
Fees:	1.2%
Cusip:	25155MAD3

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.