By Marisa Wong
Morgantown, W.Va., Jan. 25 – Deutsche Bank AG, London Branch priced $2 million of 0% knock-out notes due Jan. 25, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index closes below the knock-out level, 59% of the initial level, on any day during the life of the notes.
If the index finishes at or above the initial level and a knock-out event has not occurred, the payout at maturity will be par plus the index return.
If the index finishes below the initial level but a knock-out event has not occurred, the payout will be par.
If a knock-out event has occurred, the payout will be par plus the index return with full exposure to any losses.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Knock-out notes
|
| Underlying index: | S&P 500
|
| Amount: | $2 million
|
| Maturity: | Jan. 25, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level and a knock-out event has not occurred, par plus index return; if index finishes below initial level but a knock-out event has not occurred, par; if a knock-out event has occurred, par plus index return with full exposure to any losses
|
| Initial level: | 1,868.99
|
| Knock-out level: | 1,102.70, 59% of initial level
|
| Pricing date: | Jan. 21
|
| Settlement date: | Jan. 26
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | 0.1%
|
| Cusip: | 25152RZP1
|
|
|
© 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.
