Published on 6/16/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $612,000 knock-out notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, June 16 – Deutsche Bank AG, London Branch priced $612,000 of 0% knock-out notes due Dec. 21, 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 86.4% knock-out level, the payout will be par.
Otherwise, investors will receive par plus the index return, with full exposure to 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: | $612,000
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Maturity: | Dec. 21, 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, full exposure to any losses
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Initial level: | 3,502.77
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Trigger level: | 3,026.39, 86.4% of the initial level
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Pricing date: | June 12
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Settlement date: | June 17
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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: | 25152RG98
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