E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/6/2015 in the Prospect News Structured Products Daily.

New Issue: Deutsche Bank prices $617,500 call warrants linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Oct. 6 – Deutsche Bank AG, London Branch priced $617,500 of call warrants expiring Sept. 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notional amount is $1,000 per warrant. The price is $123.50 per warrant, or 12.35% of the notional amount. The minimum purchase requirement is 81 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 $1,000 multiplied by the index return. If the final level is less than or equal to the initial level, investors will lose their entire initial investments in the warrants.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:Deutsche Bank AG, London Branch
Issue:Call warrants
Underlying index:Euro Stoxx 50
Warrants:5,000
Notional amount:$1,000 each, or $5 million total
Price:$123.50 each, or $617,500 total
Expiration date:Sept. 28, 2018
Payout:If index’s final level is greater than initial index level, $1,000 multiplied by index return; if final level is less than or equal to initial level, nothing
Initial index level:3,113.16
Pricing date:Sept. 25
Settlement date:Sept. 30
Agents:J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:$6.50 per warrant
Cusip:25190F319

© 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.