New Issue: Deutsche Bank prices $3.37 million buffered return enhanced notes tied to Stoxx 50

By Susanna Moon

Chicago, May 31 – Deutsche Bank AG, London Branch priced $3.37 million of 0% buffered return enhanced notes due June 20, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 16.8%.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Buffered return enhanced notes
Underlying index:	Euro Stoxx 50
Amount:	$3.37 million
Maturity:	June 20, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at 16.8%; par if the index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
Initial level:	3,587.01
Pricing date:	May 19
Settlement date:	May 24
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.04%
Cusip:	25155MBB6

© 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.