Published on 1/13/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $3.63 million digital return notes tied to Stoxx 50
By Susanna Moon
Chicago, Jan. 13 – Deutsche Bank AG, London Branch priced $3.63 million of 0% digital return notes due Jan. 25, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the 85% trigger level, the payout at maturity will be par plus the digital return of 10.6%.
Otherwise, the payout will be par plus return with full exposure to 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: | Digital return notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $3,625,000
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Maturity: | Jan. 25, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index is above the trigger level, par plus 10.6%; otherwise, par plus return with full exposure to losses
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Initial level: | 3,033.47
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Trigger level: | 2,578.45, 85% of initial level
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Pricing date: | Jan. 8
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Settlement date: | Jan. 13
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 25152RYU1
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