Published on 6/22/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $4.15 million digital return notes on Euro Stoxx 50
By Tali Rackner
Norfolk, Va., June 22 – Deutsche Bank AG, London Branch priced $4.15 million of 0% digital return notes due July 6, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the trigger level, 85% of the initial index level, the payout at maturity will be par plus 12%. Otherwise, investors will lose 1% for every 1% by which the final index level is less than the initial index level.
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
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Amount: | $4.15 million
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Maturity: | July 6, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to trigger level, par plus 12%; otherwise, 1% loss for every 1% by which final index level is less than initial index level
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Initial level: | 2,849.17
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Final index level: | Average of index’s closing levels on the five trading days ending May 5, 2017
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Trigger level: | 2,421.79, 85% of initial level
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Pricing date: | June 17
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Settlement date: | June 22
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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: | 25152R3T8
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