Published on 10/21/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $1.36 million autocallable securities on index, ETF
By Marisa Wong
Madison, Wis., Oct. 21 – Deutsche Bank AG, London Branch priced $1.36 million of 0% autocallable securities due Oct. 19, 2017 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a return of 15.25% per year if each underlying component closes at or above its initial level on an annual observation date.
If the notes are not called and the final level of the lower-performing underlying is at least 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the lower-performing underlying.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Autocallable securities
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Underlying components: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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Amount: | $1,355,000
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Maturity: | Oct. 19, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If lower-performing component finishes at or above knock-out level, par; otherwise, full exposure to decline of lower-performing component
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Initial levels: | 2,874.65 for index, $59.53 for fund
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Knock-out levels: | 2,012.26 for index, $41.67 for fund, 70% of initial level
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Call: | At par plus 15.25% per year if each component closes at or above initial level on any annual observation date
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Pricing date: | Oct. 16
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Settlement date: | Oct. 21
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 2.25%
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Cusip: | 25152RRS4
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