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Deutsche Bank to price capped knock-out notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 11 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Oct. 1, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 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 10.1%. 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 10.1%.
The final index level will be the average of the index's closing levels on Sept. 22, 2014, Sept. 23, 2014, Sept. 24, 2014, Sept. 25, 2014 and Sept. 26, 2014.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price Sept. 13 and settle Sept. 18.
The Cusip number is 25152REN9.
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