Published on 10/14/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $2.1 million knock-out notes tied to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Oct. 14 – Deutsche Bank AG, London Branch priced $2.1 million of 0% knock-out notes due April 13, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the final index level is less than the knock-out level, 80% of the initial index level.
If the final level is greater than or equal to the initial level, the payout at maturity will be par plus the index return. If the final level is less than the initial level but a knock-out event has not occurred, the payout will be par. If a knock-out event has occurred, investors will be fully exposed to the index’s decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Knock-out notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2.1 million
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Maturity: | April 13, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level is greater than or equal to initial level, par plus index return; if final index level is less than initial level but greater than or equal to knock-out level, par; if final index level is less than knock-out level, full exposure to index’s decline
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Initial level: | 3,224.96
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Final index level: | Average of index’s closing levels on the five trading days ending April 10, 2017
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Knock-out level: | 2,579.97, 80% of initial level
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Pricing date: | Oct. 8
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Settlement date: | Oct. 14
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 25152RS61
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