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Deutsche Bank plans to price knock-out notes linked to S&P 500 index
By Jennifer Chiou
New York, Jan. 29 - Deutsche Bank AG, London Branch plans to price 0% knock-out notes due Aug. 5, 2015 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the index return is positive and the index has remained at or above the knock-out level, 79.9% of the initial level, during the life of the notes, the payout at maturity will be par plus the index return.
Investors will receive par if the index falls but a knock-out event has not occurred.
If the index falls below the knock-out level during the life of the notes, investors will share in any losses.
The final index level will be the average of the closing index levels on the five trading days ending July 31, 2015.
The notes (Cusip: 25152RHG1) are expected to price on Jan. 31 and settle on Feb. 5.
J.P. Morgan Securities LLC will act as agent.
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