By Toni Weeks
San Luis Obispo, Calif., April 7 – Deutsche Bank AG, London Branch priced $2.89 million of 0% knock-out notes due Oct. 13, 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 falls by up to 19.7% and will lose 1% for each 1% index decline from the initial level if the index falls by more than 19.7%.
The final index level will be the average of the closing index levels on the five trading days ending Oct. 7. 2016.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Knock-out notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2.89 million
|
| Maturity: | Oct. 13, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus index return; par if index falls by up to 19.7%; full exposure to losses from initial level if index falls by more than 19.7%
|
| Initial index level: | 3,715.27
|
| Knock-out level: | 2,983.36, 80.3% of initial level
|
| Pricing date: | April 2
|
| Settlement date: | April 8
|
| Placement agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 25152RB51
|
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