Published on 4/1/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $129 million Accelerated Return Notes linked to S&P 500
By Susanna Moon
Chicago, April 1 - Deutsche Bank AG, London Branch priced $129.19 million of 0% Accelerated Return Notes due May 29, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 10.89%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | S&P 500
|
| Amount: | $129,185,520
|
| Maturity: | May 29, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 10.89%; exposure to any losses
|
| Initial index level: | 1,849.04
|
| Pricing date: | March 27
|
| Settlement date: | April 3
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 25155P393
|
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