Published on 11/19/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $700,000 knock-out notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Nov. 19 – Deutsche Bank AG, London Branch priced $700,000 of 0% knock-out notes due May 18, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the gain.
If the index falls by up to the 79.7% knock-out level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Knock-out notes
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Underlying index: | Euro Stoxx 50
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Amount: | $700,000
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Maturity: | May 18, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus return; if index falls by up to knock-out level, par; otherwise, par plus return with full exposure to losses
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Initial level: | 3,059.99
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Knock-in level: | 2,438.81, 79.7% of initial level
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Pricing date: | Nov. 14
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Settlement date: | Nov. 19
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1.25%
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Cusip: | 25152RSR5
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