New Issue: Deutsche Bank prices $5.47 million Stars linked to iShares MSCI ETFs

By Angela McDaniels

Tacoma, Wash., May 5 – Deutsche Bank AG, London Branch priced $5.47 million of 0% Strategic Accelerated Redemption Securities due May 27, 2016 linked to a basket holding equal weights of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call premium of 7.8% per year if the basket closes at or above the initial level on Nov. 20, 2015, Feb. 19, 2016 or May 20, 2016.

The payout at maturity will be par unless the basket falls by more than 5%, in which case investors will lose 1% for every 1% that the basket declines beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Strategic Accelerated Redemption Securities
Underlying ETFs:	iShares MSCI EAFE and iShares MSCI Emerging Markets
Amount:	$5,469,200
Maturity:	May 27, 2016
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par if basket falls by 5% or less; 1% loss for every 1% that basket declines beyond 5%
Call:	At par plus 7.8% per year if basket closes at or above initial level on Nov. 20, 2015, Feb. 19, 2016 or May 20, 2016
Initial share prices:	$67.16 for EAFE ETF and $43.14 for EM ETF
Pricing date:	May 1
Settlement date:	May 8
Agent:	BofA Merrill Lynch
Fees:	1.25%
Cusip:	25156D639

© 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.