Published on 6/12/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $320,200 call warrants linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., June 12 – Deutsche Bank AG, London Branch priced $320,200 of European-style, cash-settled call warrants expiring June 15, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The 2,000 warrants have a notional amount of $1,000 each. The price is $160.10 each, or 16.01% of the notional amount. The minimum investment is 63 warrants.
The warrants will be automatically exercised on the expiration date if the index’s final level is greater than the initial index level. The cash settlement amount will be the greater of (a) the notional amount per warrant multiplied by the index return and (b) zero.
If the index’s final level is equal to or less than the initial index level, the warrants will expire worthless and investors will lose their entire initial investments in the warrants.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Call warrants
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Underlying index: | Euro Stoxx 50
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Amount: | $320,200
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Warrants: | 2,000
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Notional amount: | $1,000 each, or $2 million total
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Price: | $160.10 each, or $320,200 total
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Expiration date: | June 15, 2020
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Payout: | If index gains, $1,000 multiplied by index return; otherwise, nothing
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Initial index level: | 3,526.48
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Pricing date: | June 10
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Settlement date: | June 15
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | $7.50 per warrant
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Cusip: | 25190H760
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