Published on 7/20/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $1.1 million return enhanced notes on SPDR S&P Bank
By Susanna Moon
Chicago, July 20 – Deutsche Bank AG, London Branch priced $1.1 million of 0% capped return enhanced notes due July 25, 2018 linked to the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 21.2%.
Investors will be exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped return enhanced notes
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Underlying fund: | SPDR S&P Bank
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Amount: | $1,095,000
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Maturity: | July 25, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any fund gain, capped at 21.2%; 1% loss for each 1% decline
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Initial level: | $44.21
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Pricing date: | July 7
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Settlement date: | July 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 25155MCF6
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