Published on 2/6/2018 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $5.27 million return enhanced notes on Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Feb. 6 – Deutsche Bank AG, London Branch priced $5.27 million of 0% return enhanced notes due Aug. 7, 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 2.475 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: | $5,271,000
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Maturity: | Aug. 7, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.475 times any index gain; full exposure to losses
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Initial level: | 3,523.28
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Final level: | Average of closing levels on five averaging dates ending Aug. 2, 2019
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Pricing date: | Feb. 2
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Settlement date: | Feb. 7
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 25155MJC6
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