Published on 12/2/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $3.08 million autocallable securities on Euro Stoxx 50, MSCI EAFE fund
By Jennifer Chiou
New York, Dec. 2 - Deutsche Bank AG, London Branch priced $3.08 million of 0% autocallable securities due Dec. 1, 2016 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized return of 11% if each underlier closes at or above the call level on an annual call date beginning after one year. The call level is 100% of the initial level for the first call date, 95% of the initial level for the second call date and 90% of the initial level for the last call date.
If the notes are not called and the final level of the lesser performer is at least 75% of the initial level, the payout at maturity will be par. If the final level is less than 75% of the initial level, investors will be exposed to the decline in the worst-performing underlier.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying assets: | Euro Stoxx 50 and iShares MSCI EAFE index fund
|
| Amount: | $3.08 million
|
| Maturity: | Dec. 1, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of the lesser performer is at least 75% of the initial level, par; otherwise, full exposure to decline of worst-performing underlier
|
| Initial levels: | 3,082.65 for Euro Stoxx, $66.11 for iShares MSCI EAFE
|
| Knock-in level: | 75% of initial level
|
| Call: | At par plus 11% annualized if each index closes at or above call level on annual call date; call level is 100% of the initial level for the first call date, 95% of the initial level for the second call date and 90% of the initial level for the last call date
|
| Pricing date: | Nov. 27
|
| Settlement date: | Dec. 3
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 2.25%
|
| Cusip: | 25152RGA5
|
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