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Deutsche Bank to price capped knock-out notes linked to biotech ETF
By Marisa Wong
Morgantown, W.Va., Nov. 9 – Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Nov. 28, 2018 linked to the iShares Nasdaq Biotechnology exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is zero or positive, the payout at maturity will be par plus the fund return, capped at 16.05%.
If the fund return is negative but the final level is at least 80% of the initial level, the payout will be par.
Otherwise, the payout will be par plus the fund return, with full exposure to losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
The notes will price on Nov. 10.
The Cusip number is 25155MFN6.
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