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Deutsche Bank to price 18-month knock-out notes tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Nov. 2 – Deutsche Bank AG, London Branch plans to price 0% knock-out notes due May 8, 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 expected to be 70.1% of the initial index level and will be set at pricing.
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 agents.
The notes will price Nov. 3.
The Cusip number is 25155MFF3.
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