By Toni Weeks
San Luis Obispo, Calif., July 30 – Deutsche Bank AG, London Branch priced $2.83 million of 0% knock-out notes due Jan. 27, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the index return.
Investors will receive par if the index return is negative but the final index level is greater than or equal to the knock-out level, 83.8% of the initial level, and will be fully exposed to losses from the initial index level if it falls below the knock-out level.
The final index level will be the average of the closing index levels on the five trading days ending Jan. 22, 2016.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Knock-out notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,827,000
|
| Maturity: | Jan. 27, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus index return; par if index return is negative but index finishes at or above knock-out level; full exposure to losses from initial level if index finishes below knock-out level
|
| Initial level: | 3,174.99
|
| Knock-out level: | 2,660.64, 83.8% of initial level
|
| Pricing date: | July 25
|
| Settlement date: | July 30
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.25%
|
| Cusip: | 25152RMS9
|
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