By Jennifer Chiou
New York, Sept. 9 – Deutsche Bank AG, London Branch priced $10 million of 0% capped return enhanced notes due Sept. 8, 2017 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 five times any gain in the index, up to a maximum return of 55.5%, or $1,555 per $1,000 principal amount of notes.
Investors will be exposed to any losses.
The final index level will be the average of the closing index levels on the five trading days ending Sept. 5, 2017.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $10 million
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| Maturity: | Sept. 8, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 500% of any index gain, capped at 55.5%; exposure to any losses
|
| Initial level: | 3,275.25
|
| Pricing date: | Sept. 5
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| Settlement date: | Sept. 10
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 2%
|
| Cusip: | 25152RPX5
|
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