Deutsche Bank to price knock-out notes due 2017 on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, April 19 – Deutsche Bank AG, London Branch plans to price 0% knock-out notes due Oct. 25, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the final index level is less than the knock-out level, 71.2% of the initial index level.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the index return.

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

If a knock-out event has occurred, 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 Oct. 20, 2017.

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

The notes will price April 22.

The Cusip number is 2515A1NN7.

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