Published on 3/30/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche prices $10.91 million trigger return optimization notes tied to Euro Stoxx 50
By Jennifer Chiou
New York, March 30 – Deutsche Bank AG, London Branch priced $10,908,950 of 0% trigger return optimization securities due March 29, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 1.5 times the index return, up to a maximum return of 87%.
If the index return is negative or zero and the index finishes at or above the trigger level, 80% of the initial index level, the payout will be par. If the index finishes below the trigger level, investors will be fully exposed to the decline.
Deutsche Bank Securities Inc. and UBS Financial Services Inc. are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Trigger return optimization securities
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Underlying index: | Euro Stoxx 50
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Amount: | $10,908,950
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Maturity: | March 29, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 150% of any index gain, capped at 87%; par if index falls by up to 25%; full exposure to any losses if index finishes below trigger level
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Initial index level: | 3,679.03
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Trigger level: | 2,943.22, 80% of initial price
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Pricing date: | March 27
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Settlement date: | March 31
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Agents: | Deutsche Bank Securities Inc. and UBS Financial Services Inc.
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Fees: | 2.5%
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Cusip: | 25190G473
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