Published on 2/27/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $600,000 autocallables on S&P, iShares MSCI EAFE
By Susanna Moon
Chicago, Feb. 27 – Deutsche Bank AG, London Branch priced $600,000 of autocallable securities due March 1, 2018 linked to the S&P 500 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus annualized return of 12.5% if each component closes at or above its initial level on any of three annual call dates.
If the notes are not called, the payout at maturity will be par if each component finishes above the 75% knock-in level.
Otherwise, investors will be exposed to losses of the worse performing index.
Deutsche Bank Securities Inc. is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Autocallable securities
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Underlyings: | S&P 500 index and iShares MSCI EAFE ETF
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Amount: | $600,000
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Maturity: | March 1, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless either component finishes below knock-in level, in which case full exposure to losses of worse performing index
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Call: | At par plus 12.5% if each component closes at or above its initial level on Feb. 25, 2016, Feb. 24, 2017 or Feb. 26, 2018
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Initial levels: | 2,115.48 for S&P, $65.20 for EAFE
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Knock-in levels: | 1,586.61 for S&P, $48.90 for EAFE, 75% of initial levels
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Pricing date: | Feb. 24
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Settlement date: | Feb. 27
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 2.25%
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Cusip: | 25152RUP6
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