Published on 9/7/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.17 million 5% autocallables tied to index, fund
By Susanna Moon
Chicago, Sept. 7 – Deutsche Bank AG, London Branch priced $3.17 million of 5% autocallable securities due March 5, 2019 linked to 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 semiannually.
The notes will be called at par if each asset closes at or above its initial level on any semiannual observation date.
If the return of each asset is at least negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% decline of the lesser performing asset beyond 20%.
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 assets: | iShares MSCI EAFE ETF and Russell 2000 index
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Amount: | $3,166,000
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Maturity: | March 5, 2019
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Coupon: | 5%, payable semiannually
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Price: | Par
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Payout at maturity: | Par unless either index or fund falls by more than 20%, in which case 1.25% loss for each 1% decline of worse performing asset beyond 20%
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Call: | At par if each asset closes at or above its initial level on any semiannual observation date
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Initial levels: | 1,383.681 for index, $66.48 for fund
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Buffer levels: | 1,106.945 for index, $53.18 for fund, 80% of initial levels
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 0.05%
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Cusip: | 25155MDQ1
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