Published on 9/29/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1.07 million accelerated return notes linked to energy fund
By Angela McDaniels
Tacoma, Wash., Sept. 29 – Deutsche Bank AG, London Branch priced $1.07 million of 0% accelerated return securities due Oct. 1, 2019 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 156% of the ETF return. If the ETF return is negative, investors will be exposed to the ETF’s decline.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Accelerated return securities
|
Underlying ETF: | Energy Select Sector SPDR fund
|
Amount: | $1,067 ,000
|
Maturity: | Oct. 1, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If ETF return is positive, par plus 156% of ETF return; if ETF return is negative, exposure to ETF’s decline
|
Initial share price: | $68.14
|
Pricing date: | Sept. 26
|
Settlement date: | Sept. 29
|
Agent: | Deutsche Bank Securities Inc.
|
Fees: | 1.5%
|
Cusip: | 25155MDR9
|
© 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.