By Wendy Van Sickle
Columbus, Ohio, May 4 – Deutsche Bank AG, London Branch priced $600,000 of 0% notes due May 7, 2019 linked to the performance of a basket of four currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket consists of the Brazilian real, the Indian rupee, the Russian ruble and the South African rand.
If the basket return is greater than or equal to zero – meaning that the basket currencies, as a whole, strengthen or remain unchanged relative to the dollar – the payout at maturity will be par plus 26%.
If the basket return is less than zero but greater than or equal to negative 5%, the payout will be par plus 6%.
If the basket return is less than negative 5%, the payout will be par.
For each basket currency, the final spot rate will be the average of its spot rates on the five trading days ending April 30, 2019.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Notes
|
| Underlying currencies: | Brazilian real, Indian rupee, Russian ruble and South African rand, equally weighted
|
| Amount: | $600,000
|
| Maturity: | May 7, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is greater than or equal to zero, par plus 26%; if basket return is less than zero but greater than or equal to negative 5%, par plus 6%; if basket return is less than negative 5%, par
|
| Initial spot rates: | 3.4505 for real, 66.5176 for rupee, 64.42504 for ruble and 14.18075 for rand
|
| Final spot rate: | Average of currency’s spot rates on five trading days ending April 30, 2019
|
| Pricing date: | April 29
|
| Settlement date: | May 4
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 2515A1NS6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
