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Deutsche plans absolute return knock-out notes linked to Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., March 12 – Deutsche Bank AG, London Branch plans to price 0% capped absolute return knock-out notes due Sept. 21, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the index return, subject to a maximum return of 18.25%.
If the final level is less than the initial level but equal to or greater than the knock-out level, 81.75% of the initial level, the payout will be par plus the absolute value of the index return.
If the final level is less than the knock-out level, investors will share fully in the index decline from the initial level.
The final index return will be the average of the closing index levels on the five trading days ending Sept. 16, 2016.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The notes will price March 13 and settle March 18.
The Cusip number is 2515A1MT5.
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