By Marisa Wong
Madison, Wis., June 10 – Deutsche Bank AG, London Branch priced $19.96 million of 0% digital return notes due Dec. 10, 2015 linked to the performance of the Mexican peso relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The reference currency return will be positive if the peso strengthens relative to the euro.
If the currency return is zero or positive, the payout at maturity will be par plus the digital return of 17.1%. If the currency return is negative but greater than or equal to negative 10%, the payout will be par. If the currency return is less than negative 10%, investors will share fully in losses.
The final spot rate will be the average of the spot rates on the five days ending Dec. 7, 2015.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Digital return notes
|
| Underlying currency: | Mexican peso relative to euro
|
| Amount: | $19,957,000
|
| Maturity: | Dec. 10, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If currency return is zero or positive, par plus digital return of 17.1%; if currency return is negative but greater than or equal to negative 10%, par; if currency return is less than negative 10%, investors will share fully in losses
|
| Initial spot rate: | 17.58855
|
| Final spot rate: | Average of spot rates on five trading days ending Dec. 7, 2015.
|
| Pricing date: | June 6
|
| Settlement date: | June 11
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.25%
|
| Cusip: | 25152RKT9
|
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