Published on 12/23/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $23.68 million Accelerated Return Notes linked to S&P MidCap 400
By Angela McDaniels
Tacoma, Wash., Dec. 23 – Deutsche Bank AG, London Branch priced $23.68 million of 0% Accelerated Return Notes due Feb. 24, 2017 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 13.23%. Investors will be exposed to any index decline.
BofA Merrill Lynch is the agent.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Accelerated Return Notes
|
Underlying index: | S&P MidCap 400
|
Amount: | $23,683,760
|
Maturity: | Feb. 24, 2017
|
Coupon: | 0%
|
Price: | Par of $10.00
|
Payout at maturity: | Par plus 300% of any index gain, capped at 13.23%; exposure to any index decline
|
Initial index level: | 1,396.83
|
Final index level: | Average of index’s closing levels on five trading days ending Feb. 21, 2017
|
Pricing date: | Dec. 22
|
Settlement date: | Dec. 30
|
Agent: | BofA Merrill Lynch
|
Fees: | 2%
|
Cusip: | 25156D399
|
© 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.