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Deutsche Bank plans to price knock-out notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Aug. 21 - Deutsche Bank AG, London Branch plans to price 0% knock-out notes due March 5, 2014 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index's closing level is less than the initial index level by more than 30% on any day during the life of the notes.
If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 9%. If a knock-out event has occurred, the payout will be par plus the index return, which could be positive or negative.
The notes (Cusip: 2515A1LJ8) are expected to price on Aug. 24 and settle on Aug. 29.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
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