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Deutsche Bank plans knock-out notes due 2017 linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – Deutsche Bank AG plans to price 0% knock-out notes due July 19, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
A knock-out event will occur if the index finishes below the 73.5% knock-out level.
The payout at maturity will be par plus any index gain.
If the index falls but a knock-out event does not occur, 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.
The notes will price on Jan. 15 and settle on Jan. 21.
The Cusip number is 25152RYX5.
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