Published on 10/10/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $8.37 million annual review notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Oct. 10 – Deutsche Bank AG, London Branch priced $8.37 million of 0% annual review notes due Oct. 3, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call premium of 10.56% if the index closes at or above the initial index level on either of two annual review dates.
The payout at maturity will be par unless the final index level is less than 75% of the initial level, in which case investors will lose 1% for every 1% decline below the initial level.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Annual review notes
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Underlying index: | Euro Stoxx 50
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Amount: | $8.37 million
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Maturity: | Oct. 3, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par if final index level is greater than or equal to trigger level; otherwise, full exposure to index decline from initial level
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Call: | At par plus premium of 10.56% per year if index closes at or above call level on any of two annual review dates
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Initial index level: | 3,594.85
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Trigger level: | 2,696.14, 75% of initial level
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Final level: | Average of the closing index levels on the five trading days ending Sept. 30, 2019
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Pricing date: | Sept. 29
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Settlement date: | Oct. 4
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
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Fees: | 1.5%
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Cusip: | 25155MEC1
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