Published on 3/28/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $2.19 million digital return notes on Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, March 28 – Deutsche Bank AG, London Branch priced $2.19 million of 0% digital return notes due April 12, 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 9.65%.
Otherwise, investors will be fully exposed to the loss.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Digital return notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $2.19 million
|
Maturity: | April 12, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above trigger level, par plus 9.65%; otherwise, full exposure to index’s decline from initial level
|
Initial index level: | 2,986.73
|
Final index level: Average of index’s closing levels on five trading days ending April 7, 2017
|
Trigger level: | 2,538.72, 85% of initial level
|
Pricing date: | March 24
|
Settlement date: | March 30
|
Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 2515A1NA5
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.