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Deutsche Bank plans to price knock-out notes linked S&P 500
By Marisa Wong
Morgantown, W.Va., Dec. 29 – Deutsche Bank AG, London Branch plans to price 0% knock-out notes due July 12, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event will occur if the index finishes below the 83% knock-out level.
The payout at maturity will be par plus any index gain.
If the index falls but a knock-out event does not occur, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The notes will price on Dec. 30 and settle on Jan. 5.
The Cusip number is 25152RYJ6.
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