Published on 8/19/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1.56 million knock-out notes linked to Euro Stoxx
By Susanna Moon
Chicago, Aug. 19 – Deutsche Bank AG, London Branch priced $1.56 million of 0% knock-out notes due Feb. 23, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the gain.
If the index falls by up to the 84.9% knock-out level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Knock-out notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1,555,000
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Maturity: | Feb. 23, 2017
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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: | 3,491.03
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Knock-out level: | 2,963.88, 84.9% of initial level
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Pricing date: | Aug. 14
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Settlement date: | Aug. 19
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 25152RM34
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