By Marisa Wong
Morgantown, W.Va., April 17 – Deutsche Bank AG, London Branch priced $975,000 of 0% trigger return enhanced securities due March 31, 2023 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser-performing underlying’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 350% of the lesser-performing underlying’s return.
If the final level of the lesser-performing underlying is less than its initial level but greater than or equal to its trigger level, 50% of its initial level, the payout will be par.
If the final level of the lesser-performing underlying is less than its trigger level, investors will lose 1% for every 1% that the lesser-performing underlying declines from its initial level.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Trigger return enhanced securities
|
| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $975,000
|
| Maturity: | March 31, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If lesser-performing underlying finishes at or above initial level, par plus 350% of its return; if lesser-performing underlying finishes below initial level but at or above trigger level, par; otherwise, 1% loss for every 1% that lesser-performing underlying declines from initial level
|
| Initial levels: | $69.05 for ETF and 3,331.25 for index
|
| Trigger levels: | $34.53 for ETF and 1,665.63 for index; 50% of initial levels
|
| Pricing date: | March 28
|
| Settlement date: | April 4
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 1.564%
|
| Cusip: | 25155MKD2
|
|
|
© 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.
