New Issue: Deutsche Bank prices $1.41 million of securities on China Large-Cap ETF, Hang Seng index

By Wendy Van Sickle

Columbus, Ohio, June 27 – Deutsche Bank AG, London Branch priced $1.41 million of 0% securities due June 26, 2019 linked to the lesser performing of the iShares China Large-Cap exchange-traded fund and the Hang Seng index, according to a 424B2 filing with the Securities and Exchange Commission.

If both assets gain, the payout at maturity will be 1.2 times the return of the lesser performing asset up to the maximum return of 38.5%.

If either asset falls but neither falls below the 60% trigger level, the payout will be the absolute value of the lesser performing asset. Otherwise, investors will be fully exposed to the decline of the lesser performing asset.

Deutsche Bank Securities is the underwriter.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Securities
Underlying assets:	iShares China Large-Cap exchange-traded fund and Hang Seng index
Amount:	$1,405,000
Maturity:	June 26, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If both assets gain, 1.2 times return of lesser performing asset up to maximum return of 38.5%; if either asset falls, but neither below trigger, absolute value of lesser performing asset; otherwise, full exposure to loss of lesser performing asset
Initial index levels:	20,868.34 for index and $34.58 for ETF
Trigger levels:	12,521.00 for index and $20.75 for ETF, 60% of initial levels
Pricing date:	June 23
Settlement date:	June 28
Underwriter:	Deutsche Bank Securities Inc.
Fees:	2.5%
Cusip:	25152R3R2

© 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.