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Deutsche Bank plans three-year call warrants linked to JPX-Nikkei
By Marisa Wong
Madison, Wis., May 12 – Deutsche Bank AG, London Branch plans to price European-style, cash-settled call warrants expiring May 18, 2018 linked to the JPX-Nikkei Index 400, according to an FWP filing with the Securities and Exchange Commission.
The warrants will have a notional amount of $1,000 each and will be sold at $146.60 each, or 14.66% of the notional amount. The minimum investment is 69 warrants.
The warrants will be automatically exercised on the expiration date if the index’s final level is greater than the initial index level. The cash settlement amount will be the greater of (a) the notional amount per warrant multiplied by the index return and (b) zero.
If the index’s final level is equal to or less than the initial index level, the warrants will expire worthless and investors will lose their entire initial investments in the warrants.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
The warrants will price May 15 and settle May 20.
The Cusip number is 25190H554.
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