Published on 2/13/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1.75 million 5% notes linked to EM fund, Russell 2000
By Susanna Moon
Chicago, Feb. 13 - Deutsche Bank AG, London Branch priced $1.75 million of 5% securities due March 16, 2015 linked to the iShares MSCI EAFE exchange-traded fund and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless either component finishes below the 85% trigger level, in which case investors will lose 1.1765% for each 1% decline of the worse performing component.
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: | $1.75 million
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Maturity: | March 16, 2015
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Coupon: | 5%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless either component finishes below trigger level, in which case 1.1765% loss per 1% drop of worse performing component
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Initial levels: | $65.94 for EAFE fund and 1,129.16 for Russell
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Knock-in level: | $56.05 for EAFE fund and 959.79 for Russell; 85% of initial level
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call date
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Pricing date: | Feb. 11
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Settlement date: | Feb. 14
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Agent: | Deutsche Bank Securities Inc.
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Fees: | None
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Cusip: | 25152RHY2
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