By Susanna Moon
Chicago, Jan. 15 – Deutsche Bank AG, London Branch priced $19.4 million of 0% capped leveraged currency-linked notes due Jan. 18, 2017 tied to the dollar relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any currency gain, up to a to maximum settlement amount of $1,266 for each $1,000 principal amount.
Investors will be exposed to any losses.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped leveraged currency-linked notes
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Underlying currency: | Dollar relative to euro
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Amount: | $19.4 million
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Maturity: | Jan. 18, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any currency gain, capped at 26.6%; exposure to any losses
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Initial rate: | 1.1818
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Pricing date: | Jan. 12
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Settlement date: | Jan. 20
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 1.34%
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Cusip: | 25152RTW3
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