Published on 10/10/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $1.27 million knock-out notes linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Oct. 10 – Deutsche Bank AG, London Branch priced $1.27 million of 0% knock-out notes due April 3, 2019 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, which is 73.96% of the initial index level.
If the final index level is greater than or equal to the initial index 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 index’s final level is less than its initial level.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Knock-out notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,265,000
|
| Maturity: | April 3, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level is greater than or equal to the initial level, par plus the index return; if the final level is less than the initial level but greater than or equal to the knock-in level, par; otherwise, par plus the index return, with full exposure to any losses
|
| Initial index level: | 3,594.85
|
| Knock-out level: | 2,658.75, 73.96% of initial level
|
| Final level: | Average of the closing index levels on the five trading days ending March 29, 2019
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 4
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 1.25%
|
| Cusip: | 25155MEE7
|
|
|
© 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.
