Published on 8/24/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $6.87 million leveraged buffered notes linked to five indexes
By Angela McDaniels
Tacoma, Wash., Aug. 24 – Deutsche Bank AG, London Branch priced $6.87 million of 0% capped leveraged buffered notes due April 25, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.4 times any basket gain, up to a maximum settlement amount of $1,259 for each $1,000 principal amount of notes. Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London branch
|
| Issue: | Capped leveraged buffered notes
|
| Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $6,872,000
|
| Maturity: | April 25, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 140% of basket return, subject to maximum payout of $1,259 per $1,000 principal amount of notes; par if basket falls by 10% or less; 1.1111% loss for each 1% that index declines beyond 10%
|
| Initial levels: | 3,353.48 for Euro Stoxx 50, 6,367.89 for FTSE 100, 1,623.88 for Tokyo Stock Price, 9,104.71 for Swiss Market and 5,288.584 for S&P/ASX 200
|
| Pricing date: | Aug. 20
|
| Settlement date: | Aug. 27
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
| Cusip: | 25152RM59
|
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