Published on 3/2/2018 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $187,000 trigger return enhanced notes on indexes
By Wendy Van Sickle
Columbus, Ohio, March 2 – Deutsche Bank AG, London Branch priced $187,000 of 0% trigger return enhanced securities due Feb. 28, 2023 linked to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing index’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 45% plus two times and appreciation of least performing index above 45%.
If the final level of the least-performing index is less than its initial level but greater than or equal to its trigger level, 60% of its initial level, the payout will be par.
If the final level of the least-performing index is less than its trigger level, investors will lose 1% for every 1% that the least-performing index declines from its initial level.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Trigger return enhanced securities
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $187,000
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| Maturity: | Feb. 28, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If least-performing index finishes at or above initial level, par plus 45% plus 2 times any appreciation of laggard index above 45%; if least-performing index finishes below initial level but at or above trigger level, par; if least-performing index finishes below trigger level, 1% loss for every 1% that least-performing index declines from initial level
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| Initial levels: | 2,747.3 for S&P, 1,549.86 for Russell, 25,309.99 for Dow
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| Trigger levels: | 1,648.38 for S&P, 929.512 for Russell, 15,185.99 for Dow; 60% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Deutsche Bank Securities Inc.
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| Fees: | 0.625%
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| Cusip: | 25155MJG7
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