By Wendy Van Sickle
Columbus, Ohio, Jan. 30 – Deutsche Bank AG, London Branch priced $1 million of 0% knock-out notes due July 30, 2019 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus 1.371 times the index return.
If the index return is negative but the final level is at least 75% of the initial level, the payout will be par.
Otherwise, the payout will be par plus the index return, with full exposure to losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Knock-out notes
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| Underlying index: | Euro Stoxx Banks index
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| Amount: | $1 million
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| Maturity: | July 30, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus 1.371 times index return; if index return is negative but final level is at least 75% of initial level, par; otherwise, full exposure to decline from initial level
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| Initial index level: | 142.88
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| Knock-out level: | 107.16, 75% of initial level
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
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| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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| Fees: | 1.25%
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| Cusip: | 25155MHU8
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