Published on 11/17/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $825,000 return enhanced notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Nov. 17 – Deutsche Bank AG, London Branch priced $825,000 of 0% return enhanced notes due Nov. 13, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.2416 times any index gain. Investors will be fully exposed to any index decline.
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: | Return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $825,000
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Maturity: | Nov. 13, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.2416 times any index gain; full exposure to losses
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Initial level: | 3,593.76
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Final level: | Average of closing levels on five averaging dates ending Nov. 8, 2019
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Pricing date: | Nov. 10
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Settlement date: | Nov. 15
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 25155MFJ5
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