By Marisa Wong
Madison, Wis., Sept. 26 – Deutsche Bank AG, London Branch priced $4.25 million of 0% trigger performance securities due Sept. 27, 2024 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 159% of the index return.
Investors will receive par if the index falls by 50% or less and will be fully exposed to losses from the initial level if it falls by more than 50%.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Trigger performance securities
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Underlying index: | S&P 500
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Amount: | $4.25 million
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Maturity: | Sept. 27, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 159% of any index gain; par if index falls by 50% or less; full exposure to losses if index finishes below trigger level
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Initial index level: | 1,982.77
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Trigger level: | 991.39, 50% of initial level
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Pricing date: | Sept. 23
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Settlement date: | Sept. 26
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Agents: | UBS Financial Services Inc. and Deutsche Bank Securities Inc.
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Fees: | 2.75%
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Cusip: | 25157U614
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