Published on 3/17/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $5.73 million absolute return knock-out notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., March 17 – Deutsche Bank AG, London Branch priced $5.73 million of 0% capped absolute return knock-out notes due Sept. 21, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 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 lesser of the index return and 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.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped absolute return knock-out notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5,725,000
|
| Maturity: | Sept. 21, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial level, par plus lesser of index return and 18.25%; if final level is less than initial level but greater than or equal to knock-out level, par plus absolute value of index return; if final level is less than knock-out level, full exposure to index decline
|
| Initial level: | 3,656.21
|
| Knock-out level: | 2,988.95, 81.75% of initial level
|
| Final level: | Average of index’s closing levels on five trading days ending Sept. 16, 2016
|
| Pricing date: | March 13
|
| Settlement date: | March 18
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 2515A1MT5
|
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