Deutsche Bank to price capped knock-out notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Nov. 5 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Nov. 26, 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 20% on any day during the life of the notes.

If a knock-out event does not occur, the payout at maturity will be par plus 7.9%. If a knock-out event does occur, investors will receive par plus the lesser of the index return, which could be positive or negative, and 7.9%.

The final index level will be the average of the index's closing levels on Nov. 17, 2014, Nov. 18, 2014, Nov. 19, 2014, Nov. 20, 2014 and Nov. 21, 2014

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

The notes are expected to price Nov. 8 and settle Nov. 14.

The Cusip number is 25152RFR9.

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