Published on 6/5/2018 in the Prospect News Structured Products Daily.
New Issue: Deutsche sells $450,000 trigger return enhanced notes on S&P 500, Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, June 5 – Deutsche Bank AG, London Branch priced $450,000 of 0% trigger return enhanced securities due June 4, 2021 linked to the S&P 500 index 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 20% 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 indexes: | S&P 500 index and Euro Stoxx 50 index
|
| Amount: | $450,000
|
| Maturity: | June 4, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If lesser-performing underlying finishes at or above initial level, par plus 200% 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: | 2,689.86 for S&P and 3,428.14 for Stoxx
|
| Trigger levels: | 1,344.93 for S&P and 1,714.07 for Stoxx; 50% of initial levels
|
| Pricing date: | May 29
|
| Settlement date: | May 31
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 2.8%
|
| Cusip: | 25155MLB5
|
|
|
© 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.
