Published on 5/19/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $4.2 million 5.07% securities tied Russell, ETF
By Wendy Van Sickle
Columbus, Ohio, May 19 – Deutsche Bank AG, London Branch priced $4.2 million of 5.07% digital return notes due Nov. 21, 2018 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
If the lesser-performing asset closes at or above its 80% knock-out level, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% the lesser-performing asset falls below the knock-out level.
Deutsche Bank Securities is the agent.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Securities
|
Underlying assets: | Russell 2000, iShares MSCI EAFE ETF
|
Amount: | $4.2 million
|
Maturity: | Nov. 21, 2018
|
Coupon: | 5.07%, payable monthly
|
Price: | Par
|
Payout at maturity: | If each asset finishes at or above 80% knock-out level, par; otherwise, 1.25% loss per each 1% worse-performing asset falls below knock-out level
|
Initial levels: | 1,393.923 for index, $65.57 for ETF
|
Knock-out levels: | 1,115.138 for index, $52.46 for ETF; 80% of initial levels
|
Pricing date: | May 16
|
Settlement date: | May 19
|
Underwriter: | Deutsche Bank Securities Inc.
|
Fees: | 0%
|
Cusip: | 25155MAX9
|
|
© 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.