Published on 5/31/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $16 million return enhanced notes on Euro Stoxx
By Marisa Wong
Madison, Wis., May 31 - Deutsche Bank AG, London Branch priced $16 million of 0% return enhanced notes due June 1, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 2.5 times the index return. Investors will be fully exposed to any index decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $16 million
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Maturity: | June 1, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2.5 times any index gain; full exposure to any index decline
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Initial index level: | 2,786.54
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Pricing date: | May 29
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Settlement date: | June 3
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 3.2%
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Cusip: | 25152RDC4
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