Published on 1/20/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1.74 million capped return enhanced notes on S&P
By Devika Patel
Knoxville, Tenn., Jan. 20 – Deutsche Bank AG, London Branch priced $1,735,000 of 0% capped return enhanced notes due Feb. 1, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 16.71%. Investors will be exposed to all losses.
JPMorgan is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,735,000
|
| Maturity: | Feb. 1, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple index return, subject to 16.71% maximum return; if index return is negative, full exposure to decline
|
| Initial level: | 1,921.22
|
| Final level: | Average of index’s closing levels on five trading days ending Sept. 16, 2016
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 21
|
| Agent: | JPMorgan
|
| Fees: | 1%
|
| Cusip: | 25152RZB2
|
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