Published on 3/27/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $5.32 million leveraged notes tied to index basket
By Marisa Wong
Madison, Wis., March 27 – Deutsche Bank AG, London Branch priced $5.32 million of 0% leveraged notes due Sept. 29, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.34 times any basket gain.
Investors will be fully exposed to losses.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Leveraged basket-linked notes
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Underlying basket: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $5,315,000
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Maturity: | Sept. 29, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 134% of basket return; full exposure to losses
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Initial index levels: | 3,684.04 for Euro Stoxx, 6,990.97 for FTSE 100, 1,592.01 for Topix, 9,188.25 for Swiss Market and 5,973.315 for S&P/ASX
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Initial basket level: | 100
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Pricing date: | March 25
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Settlement date: | April 2
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 1.67%
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Cusip: | 2515A1N23
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