Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Deutsche Bank plans six-year Stars linked to S&P 500, Euro Stoxx 50
By Susanna Moon
Chicago, Nov. 2 – Deutsche Bank AG, London Branch plans to price 0% Strategic Accelerated Redemption Securities due October 2021 linked to the worst performing of the S&P 500 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 13% to 15% if the index closes at or above its initial level on any of six annual observation dates. The exact call premium will be set at pricing.
The payout at maturity will be par unless either index falls, in which case investors will be fully exposed to any losses of the worse performing index.
BofA Merrill Lynch is the agent.
The notes will settle in November.
© 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.