By Susanna Moon
Chicago, Dec. 3 - Deutsche Bank AG, London Branch priced $1.95 million of 0% buffered contingent fixed payment securities due Dec. 4, 2015 linked to the S&P 500 Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus a fixed payment of $446.00 per $1,000 principal amount of the notes.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Buffered contingent fixed payment securities
|
| Underlying index: | S&P 500 Total Return index
|
| Amount: | $1.95 million
|
| Maturity: | Dec. 4, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 44.6% if index gains; 1% loss per 1% drop beyond 10%
|
| Initial index level: | 2,024.97
|
| Pricing date: | Dec. 1
|
| Settlement date: | Dec. 6
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 2515A1BZ3
|
© 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.
