Deutsche Bank plans absolute return knock-out notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Nov. 12 – Deutsche Bank AG, London Branch plans to price 0% capped absolute return knock-out notes due May 24, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

A knock-out event occurs if the index finishes below the knock-out level, 81.4% of the initial 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, subject to a maximum return of 18.6%.

If the final level is less than the initial level but a knock-out event has not occurred, the payout will be par plus the absolute value of the index return.

If the final level is less than the initial level and a knock-out event has occurred, investors will receive par plus the index return, with full exposure to any losses.

The final index return will be the average of the closing index levels on the five trading days ending May 19, 2017.

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

The notes will price Nov. 13 and settle Nov. 18.

The Cusip number is 25152RT78.

© 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.