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Deutsche Bank plans capped knock-out notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., July 7 – Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due July 27, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus the index return, capped at 22.5%.
If the index return is negative but the final level is at least 85% of the initial level, the payout will be par.
Otherwise, the payout will be par plus the index return, with full exposure to losses.
The final index level will be the average of the closing index levels on the five trading days ending July 22, 2016.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
The notes will price on July 8 and settle on July 13.
The Cusip number is 25152RJ61.
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