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Deutsche Bank plans to price knock-out notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Nov. 7 - Deutsche Bank AG, London Branch plans to price 0% knock-out notes due Nov. 14, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.45 times the index return.
Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if the index falls below the 60% knock-out level.
The final index level will be the average of the closing index levels on the five trading days ending Nov. 9, 2018.
The notes (Cusip: 25152RFT5) will price Nov. 8 and settle Nov. 14.
J.P. Morgan Securities LLC will act as agent.
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