Published on 2/4/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $4.8 million 6.2% notes linked to iShares MSCI EAFE, Russell
By Wendy Van Sickle
Columbus, Ohio, Feb. 4 – Deutsche Bank AG, London Branch priced $4.8 million of 6.2% notes due Aug. 7, 2017 linked to the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at an annual rate of 6.2%
The payout at maturity will be par unless either underlying asset closes below its knock-out level, 80% of its initial level, in which case investors will lose 1.25% for every 1% decline below the knock-out level.
Deutsche Bank Securities is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Securities
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Underlying assets: | iShares MSCI EAFE exchange-traded fund and Russell 2000 index
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Amount: | $4.8 million
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Maturity: | Aug. 7, 2017
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Coupon: | 6.2%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless either underlying asset closes below its knock-out level, 80% of its initial level, in which case investors will lose 1.25% for every 1% decline below the knock-out level
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Initial levels: | 1,032.388 for Russell, $55.42 for iShares MSCI EAFE ETF
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Pricing date: | Feb. 2
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Settlement date: | Feb. 5
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Agent: | Deutsche Bank Securities
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Fees: | None
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Cusip: | 25152RZZ9
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