Published on 5/19/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $52.61 million market-linked step-up autocallables on Euro Stoxx
By Susanna Moon
Chicago, May 19 – Deutsche Bank AG, London Branch priced $52.61 million of 0% autocallable market-linked step-up notes due May 25, 2018 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call premium of 12.26% per year if the index closes at or above the initial level on any annual call observation date.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the gain and the step-up payment of 35%.
Investors will be fully exposed to any losses.
BofA Merrill Lynch is the underwriter.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Autocallable market-linked step-up notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $52,612,440
|
Maturity: | May 25, 2018
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index finishes above step-up value, par plus index return; if index gains by up to step-up value, par plus 35%; otherwise, full exposure to any losses
|
Call: | At par plus call premium of 12.65% per year if index closes at or above the initial level on May 27, 2016 or May 19, 2017
|
Initial level: | 3,602.22
|
Step-up level: | 4,863.00, 135% of initial value
|
Pricing date: | May 14
|
Settlement date: | May 22
|
Underwriter: | BofA Merrill Lynch
|
Fees: | 2%
|
Cusip: | 25190H158
|
|
|
© 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.