Published on 3/9/2018 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $3.09 million autocallable securities on index, ETF
By Wendy Van Sickle
Columbus, Ohio, March 9 – Deutsche Bank AG, London Branch priced $3.09 million of 0% autocallable securities due Sept. 6, 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.
The notes will be called at par plus a call return of 11.2% per year 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: | $3,085,000
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Maturity: | Sept. 6, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of each asset is at least negative 20%, par; otherwise, investors will lose 1.25% for each 1% decline of least performing asset beyond 20%
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Call: | At par plus 11.2% per year if each asset closes at or above its initial level on any semiannual observation date
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Initial levels: | 1,512.446 for index, $70.27 for ETF
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Buffer levels: | 1,209.957 for index, $56.22 for ETF, 80% of initial levels
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Pricing date: | March 1
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Settlement date: | March 6
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Agent: | Deutsche Bank Securities Inc.
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Fees: | 0.05%
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Cusip: | 25155MKC4
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