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Deutsche plans knock-out notes due 2016 linked to Euro Stoxx 50
By Jennifer Chiou
New York, Oct. 21 – Deutsche Bank AG, London Branch plans to price 0% knock-out notes due April 27, 2016 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
A knock-out event will occur if the index finishes below the 82.4% knock-out level.
If a knock-out event does not occur, the payout at maturity will be par plus any index gain with a floor of par.
If a knock-out event has occurred, the payout will be par plus the return with full exposure to losses.
The notes (Cusip: 25152RRY1) will price on Oct. 24 and settle on Oct. 29.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
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