Published on 10/10/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $1.52 million return enhanced notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Oct. 10 – Deutsche Bank AG, London Branch priced $1.52 million of 0% return enhanced notes due Oct. 3, 2019 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 2.2441 times any index gain.
Investors will be fully exposed to any index decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.52 million
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Maturity: | Oct. 3, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.2441 times any index gain; full exposure to losses
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Initial index level: | 3,594.85
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Final level: | Average of the closing index levels on the five trading days ending Sept. 30, 2019
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Pricing date: | Sept. 29
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Settlement date: | Oct. 4
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
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Fees: | 1.5%
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Cusip: | 25155MEB3
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