New Issue: Deutsche Bank prices $2.23 million capped knock-out notes tied to crude

By Susanna Moon

Chicago, Aug. 20 – Deutsche Bank AG, London Branch priced $2.23 million of 0% knock-out notes due Dec. 21, 2015 linked to the WTI crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of crude finishes at or above the 85% knock-out level, the payout at maturity will be par plus the greater of double any index gain up to a maximum return of 17.2% and a minimum payout of par plus 5%.

Otherwise, the payout will be par plus the return with full exposure to losses.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped knock-out notes
Underlying asset:	WTI crude oil futures contracts
Amount:	$2,225,000
Maturity:	Dec. 21, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If crude finishes at or above knock-out level, par plus greater of double any gain capped at 17.2% and par plus 5%; otherwise, par plus return with full exposure to losses
Initial level:	$97.35
Knock-out level:	$82.75, 85% of initial level
Pricing date:	Aug. 15
Settlement date:	Aug. 20
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.2%
Cusip:	25152RNW9

© 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.