Published on 7/30/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.48 million airbag performance notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., July 30 – Deutsche Bank AG, London Branch priced $3.48 million of 0% airbag performance securities due July 31, 2024 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 199.43% of the index return. If the index return is zero or negative but not less than negative 50%, the payout will be par. Otherwise, investors will lose 2% for every 1% that the index declines beyond 50%.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Airbag performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $3.48 million
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Maturity: | July 31, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 199.43% of index return; if index return is zero or negative but not less than negative 50%, par; otherwise, 2% loss for every 1% that index declines beyond 50%
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Initial index level: | 3,190.54
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Pricing date: | July 29
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Settlement date: | July 31
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Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | 5%
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Cusip: | 25155V697
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