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| Prospect News home > News index > List of issuers D > Headlines for Deutsche Bank AG, London Branch > News item |
Deutsche Bank plans digital return notes tied to Indian rupee vs. euro
By Susanna Moon
Chicago, July 1 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due July 21, 2015 linked to the Indian rupee relative to the euro, according to an FWP with the Securities and Exchange Commission.
If the currency finishes at or above the 97.5% barrier level, the payout at maturity will be par plus the digital return of 13.25%.
If the currency falls by up to 15%, 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 placement agents.
The notes will price on July 3 and settle on July 9.
The Cusip number is 25152RLW1.
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