Deutsche Bank plans absolute return knock-out notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 21 – Deutsche Bank AG, London Branch plans to price 0% capped absolute return knock-out notes due Nov. 2, 2016 linked to the S&P 500 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 lesser of the index return and 14.7%.

If the final level is less than the initial level but equal to or greater than the knock-out level, 85.3% 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’s decline from the initial level.

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

The notes expected to price April 24 and settle April 29.

The Cusip number is 25152RD26.

© 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.