New Issue: Deutsche Bank prices $2 million accelerated return securities linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., June 6 – Deutsche Bank AG, London Branch priced $2 million of 0% accelerated return securities due June 6, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 145% of the ETF return. If the final share price is less than the initial share price but greater than or equal to the trigger price, 70% of the initial share price, the payout will be par. If the final share price is less than the trigger price, investors will lose 1% for every 1% that the final share price is less than the initial share price.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Accelerated return securities
Underlying ETF:	iShares MSCI EAFE
Amount:	$2 million
Maturity:	June 6, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 145% of ETF return; if final share price is less than initial share price but greater than or equal to trigger price, par; if final share price is less than trigger price, 1% loss for every 1% that final share price is less than initial share price
Initial share price:	$69.38
Trigger price:	$48.57, 70% of initial share price
Pricing date:	June 3
Settlement date:	June 6
Agent:	Deutsche Bank Securities Inc.
Fees:	3%
Cusip:	25152RKN2

© 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.