Deutsche plans capped absolute return knock-out notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Nov. 9 – Deutsche Bank AG, London Branch plans to price 0% capped absolute return knock-out notes due May 15, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the index finishes below the knock-out level, 80.75% of the initial level.

If the final level is greater than or equal to the initial level, the payout at maturity will be par plus the index return, subject to a maximum return of 19.25%.

If the final level is less than the initial level but a knock-out event has not occurred, the payout will be par plus the absolute value of the index return.

If the final level is less than the initial level and a knock-out event has occurred, investors will receive par plus the index return, with full exposure to any losses.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

The notes will price on Nov. 10.

The Cusip number is 25155MFK2.

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