Published on 10/28/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $3.52 million 5.9% securities on index, ETF
By Marisa Wong
Madison, Wis., Oct. 28 – Deutsche Bank AG, London Branch priced $3.52 million of 5.9% securities due Jan. 28, 2016 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing 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 85% of its initial level.
If a knock-out event does not occur, the payout at maturity will be par. Otherwise, investors will lose 1.17647% for every 1% decline of the lower-performing underlying beyond the 15% buffer.
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, Russell 2000 index
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Amount: | $3.52 million
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Maturity: | Jan. 28, 2016
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Coupon: | 5.9%, payable monthly
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Price: | Par
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Payout at maturity: | If final level of lesser performing component is less than knock-out level, 1.17647% loss for every 1% decline of lower-performing underlying beyond 15%; otherwise, par
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Initial levels: | $61.89 for ETF, 1,116.486 for index
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Knock-out levels: | $52.61 for ETF, 949.013 for index, 85% of initial level
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Pricing date: | Oct. 23
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Settlement date: | Oct. 28
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Agent: | Deutsche Bank Securities Inc.
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Fees: | None
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Cusip: | 25152RSD6
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