Published on 11/3/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.5 million of securities on iShares MSCI EAFE ETF, Russell 2000 index
By Wendy Van Sickle
Columbus, Ohio, Nov. 3 – Deutsche Bank AG, London Branch priced $3.5 million of 5.25% securities due Jan. 31, 2019 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.
If both each asset closes at or a above its 82.5% knock-out level, the payout at maturity will be par. Otherwise, investors will lose 1.2121% for each 1% the laggard asset falls below 82.5%.
Deutsche Bank Securities is the underwriter.
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: | $3.5 million
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Maturity: | Jan. 31, 2019
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Coupon: | 5.25%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless either asset finishes below 82.5% of initial level, in which case 1.2121% loss for each 1% loss below 82.5%
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Initial index levels: | 1,497.459 for index and $69.02 for ETF
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Knock-out levels: | 1,235.404 for index and $56.94 for ETF, 82.5% of initial levels
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Pricing date: | Oct. 27
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Settlement date: | Nov. 1
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Underwriter: | Deutsche Bank Securities Inc.
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Fees: | 0%
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Cusip: | 25155MFC0
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