Published on 1/31/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1.5 million 4.7% notes on iShares EAFE, Russell
By Marisa Wong
Madison, Wis., Jan. 31 - Deutsche Bank AG, London Branch priced $1.5 million of 4.7% securities due Feb. 3, 2015 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
Interest is payable monthly.
A knock-out event occurs if the final level of the lesser performing component is less than its knock-out level, 85% of its initial level.
If a knock-out event does not occur, the payout at maturity will be par. Otherwise, investors will lose 1.1765% for every 1% that the lesser performing component declines beyond 15%.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Securities
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Underlying components: | iShares MSCI EAFE ETF and Russell 2000 index
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Amount: | $1.5 million
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Maturity: | Feb. 3, 2015
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Coupon: | 4.7%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless final level of lesser performing component is less than knock-out level, in which case investors will lose 1.1765% for every 1% that lesser performing component declines beyond 15%
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Initial levels: | $64.38 for ETF, 1,122.45 for index
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Knock-out levels: | $54.72 for ETF, 954.08 for index; 85% of initial levels
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Pricing date: | Jan. 29
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Settlement date: | Feb. 3
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Agent: | Deutsche Bank Securities Inc.
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Fees: | None
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Cusip: | 25152RHP1
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