Published on 2/28/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $4.5 million digital plus notes tied to Euro Stoxx
By Susanna Moon
Chicago, Feb. 28 - Deutsche Bank AG, London Branch priced $4.5 million of 0% digital plus securities due March 1, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the leverage starting level, 108% of the initial level, the payout at maturity will be par plus 130% of the index gain.
If the index finishes below the leverage starting level but at or above the trigger level, 75% of the initial level, the payout will be par plus the digital return of 8%.
Otherwise, investors will be fully exposed to any losses.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Digital plus securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $4,496,000
|
| Maturity: | March 1, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above the leverage starting level, par plus 130% of index gain; if index finishes below leverage starting level but at or above trigger level, par plus 8%; otherwise, full exposure to any losses
|
| Initial index level: | 2,651.86
|
| Leverage starting level | 2,864.01, 108% of initial level
|
| Knock-in level: | 1,988.90, 75% of initial level
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.5%
|
| Cusip: | 25152RBP7
|
© 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.
