Published on 10/15/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $369,669 call warrants linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Oct. 15 – Deutsche Bank AG, London Branch priced $369,669 of call warrants expiring Oct. 29, 2015 linked to a basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Cabot Oil & Gas Corp., Continental Resources, Inc., Cummins Inc., Eastman Chemical Co., Enterprise Products Partners LP, EOG Resources, Inc., Halliburton Co., LyondellBasell Industries NV, MarkWest Energy Partners, LP, National Oilwell Varco, Inc., Nucor Corp., Pioneer Natural Resources Co., Plains All American Pipeline, LP, Schlumberger NV and Weatherford International Ltd.
The 7,453 warrants have a notional amount of $1,000 each, or $7.45 million in total, and sold for $49.60 each, or 4.96% of the notional amount. The minimum purchase requirement is 201 warrants.
The warrants will be automatically exercised on the expiration date. If the final basket level is greater than the initial basket level, the cash settlement amount per warrant will be $1,000 multiplied by the basket return. If the final basket level is less than or equal to basket level, the cash settlement amount will be zero.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Call warrants
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| Underlying stocks: | Cabot Oil & Gas Corp., Continental Resources, Inc., Cummins Inc., Eastman Chemical Co., Enterprise Products Partners LP, EOG Resources, Inc., Halliburton Co., LyondellBasell Industries NV, MarkWest Energy Partners, LP, National Oilwell Varco, Inc., Nucor Corp., Pioneer Natural Resources Co., Plains All American Pipeline, LP, Schlumberger NV and Weatherford International Ltd., equally weighted
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| Warrants: | 7,453
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| Notional amount: | $1,000 each, or $7,453,000 total
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| Price: | $49.60 each, or $369,668.80 total
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| Expiration date: | Oct. 29, 2015
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| Payout: | If final basket level is greater than initial basket level, $1,000 multiplied by basket return; if final basket level is less than or equal to basket level, zero
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| Pricing date: | Oct. 10
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| Settlement date: | Oct. 16
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| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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| Fees: | $3 per warrant
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| Cusip: | 25157U523
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