By Toni Weeks
San Luis Obispo, Calif., June 3 – Deutsche Bank AG, London Branch priced $1.04 million of 0% annual review notes due June 13, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call premium of 12.4% if the index closes at or above the initial index level on any of three annual review dates.
The payout at maturity will be par unless the final index level is less than 90% of the initial level, in which case investors will lose 1% for every 1% decline below the initial level.
The final index level will be the average of the closing index levels on the five trading days ending June 8, 2018.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Annual review notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,044,000
|
| Maturity: | June 13, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if final index level is at least 90% of initial level; full exposure to index decline from initial level if index falls by more than 10%
|
| Call: | At par plus premium of 12.4% per year if index closes at or above call level on any of three annual review dates
|
| Initial index level: | 3,570.78
|
| Trigger level: | 3,213.7, 90% of initial level
|
| Pricing date: | May 29
|
| Settlement date: | June 3
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
|
| Fees: | 2%
|
| Cusip: | 25152RG23
|
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