New Issue: Deutsche Bank prices $1.78 million digital return notes linked to Apple

By Angela McDaniels

Tacoma, Wash., April 5 – Deutsche Bank AG, London Branch priced $1.78 million of 0% digital return notes due July 12, 2017 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to 85% of the initial share price, the payout at maturity will be par plus 15.7%. Otherwise, investors will receive a number of Apple shares equal to $1,000 divided by the initial share price.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Digital return notes
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$1.78 million
Maturity:	July 12, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above trigger level, par plus 15.7%; otherwise, 9.0917 Apple shares
Initial share price:	$109.99
Final share price:	Average of stock’s closing share prices on five trading days ending July 7, 2017
Trigger price:	$93.49, 85% of initial share price
Pricing date:	April 1
Settlement date:	April 6
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.13%
Cusip:	2515A1NC1

© 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.