New Issue: Deutsche prices $3.5 million digital return notes on Dow industrials

By Jennifer Chiou

New York, Aug. 21 - Deutsche Bank AG, London Branch priced $3.5 million of 0% digital return notes due Feb. 22, 2016 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the 29% digital return. Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% that it declines beyond 20%.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Digital return notes
Underlying index:	Dow Jones industrial average
Amount:	$3.5 million
Maturity:	Feb. 22, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final index return is positive, digital payment of $1,290 per $1,000 principal amount; par if the index falls by up to 20%; 1.25% loss per 1% drop beyond 20% buffer
Initial level:	13,275.20
Pricing date:	Aug. 17
Settlement date:	Aug. 29
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	2515A1LG4

© 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.