Published on 11/6/2013 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $720,000 knock-out notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Nov. 6 - Deutsche Bank AG, London Branch priced $720,000 of 0% knock-out notes due Nov. 7, 2018 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 1.47 times any index gain.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% knock-out level.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Knock-out notes
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Underlying index: | Euro Stoxx 50
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Amount: | $720,000
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Maturity: | Nov. 7, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 147% of any index gain; par if index falls by 40% or less; otherwise, full exposure to any losses
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Initial index level: | 3,052.14
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Knock-out level: | 1,831.28, 60% of initial level
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Pricing date: | Nov. 1
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Settlement date: | Nov. 6
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 3%
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Cusip: | 25152RFG3
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