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Deutsche Bank plans to price capped knock-out notes linked Disney
By Angela McDaniels
Tacoma, Wash., Sept. 10 – Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Sept. 28, 2016 linked to the common stock of Walt Disney Co., according to an FWP filing with the Securities and Exchange Commission.
A knock-out event will occur if the final share price is less than the knock-out level, 80% of the initial share price.
If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the stock return and the contingent minimum return, subject to a maximum return of 15%. The contingent minimum return is expected to be at least 4.3% and will be set at pricing.
If a knock-out event has occurred, investors will be fully exposed to the stock’s decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The notes are expected to price Sept. 11 and settle Sept. 16.
The Cusip number is 25152RP80.
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