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Deutsche Bank plans to price digital return notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., June 21 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due Oct. 4, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the buffer level, 90% of the initial index level, the payout at maturity will be par plus the digital return, which is expected to be 8.2% and will be set at pricing. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
The final index level will be the average of the index’s closing levels on the five trading days ending Sept. 29, 2017.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The notes will price June 22.
The Cusip number is 25152R3Z4.
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