Published on 6/28/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $3.48 million yield callables tied to three indexes
By Susanna Moon
Chicago, June 28 – Deutsche Bank AG, London Branch priced $3.48 million of callable yield notes due Dec. 9, 2020 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.57% if each index closes at or above its 60% coupon barrier on the observation date for that quarter.
The notes are callable at par on any review date.
The payout at maturity will be par unless any index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Callable yield notes
|
Underlying indexes: | Euro Stoxx 50, Russell 2000 and FTSE 100
|
Amount: | $3,478,000
|
Maturity: | Dec. 9, 2020
|
Coupon: | 7.57% annualized, payable quarterly if each index closes at or above 60% coupon barrier on the observation date for that quarter
|
Payout at maturity: | Par unless any index falls below 60% trigger, in which case 1% loss per 1% decline of worst performing index
|
Call option: | At par on any interest payment date
|
Initial levels: | 3,554.18 for Stoxx, 1,394.899 for Russell and 7,524.95 for FTSE
|
Trigger levels: | 2,132.51 for Stoxx, 836.939 for Russell and 4,514.97 for FTSE; 60% of initial levels
|
Pricing date: | June 6
|
Settlement date: | June 9
|
Agent: | Deutsche Bank Securities Inc.
|
Fees: | 1.75%
|
Cusip: | 25155MBQ3
|
|
|
© 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.