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Deutsche Bank plans to price digital return notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 29 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due July 12, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the trigger level, 85% of the initial level, the payout at maturity will be par plus the digital return, which is expected to be at least 9.35% and will be set at pricing. If the final index level is less than the trigger level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
The final index level will be the average of the index’s closing levels on the five trading days ending July 7, 2017.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price April 1.
The Cusip number is 2515A1NE7.
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