Published on 9/15/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $9.01 million leveraged notes linked to JPX-Nikkei
By Angela McDaniels
Tacoma, Wash., Sept. 15 – Deutsche Bank AG, London Branch priced $9.01 million of 0% Leveraged Index Return Notes due Sept. 28, 2018 linked to the JPX-Nikkei Index 400, 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 126.5% of the index return. If the index return is negative, investors will be fully exposed to the decline.
BofA Merrill Lynch is the agent.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Leveraged Index Return Notes
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Underlying index: | JPX-Nikkei 400
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Amount: | $9,008,400
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Maturity: | Sept. 28, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 126.5% of index return; if index return is negative, full exposure to decline
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Initial index level: | 13,282.73
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Final index level: | Average of index’s closing levels on five trading days ending Sept. 25, 2018
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Pricing date: | Sept. 11
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Settlement date: | Sept. 18
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Underwriter: | BofA Merrill Lynch
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Fees: | 2.25%
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Cusip: | 25190J394
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