By Jennifer Chiou
New York, March 3 – Deutsche Bank AG, London Branch priced $1,695,000 of 0% digital return notes due March 16, 2016 linked to the Indian rupee relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The currency performance will be positive if the rupee strengthens relative to the euro.
If the currency performance is greater than or equal to negative 10%, the payout at maturity will be par plus 11.4%.
If the currency performance is less than negative 10%, investors will lose 1% of par for every 1% that the currency performance is negative.
The final spot will be the average of the spot rates on the five trading days ending March 11, 2016 JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Digital return notes
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| Underlying currency: | Indian rupee relative to euro
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| Amount: | $1,695,000
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| Maturity: | March 16, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If currency gains – rupee strengthens relative to the euro – or falls by up to 10%, par plus 11.4%; otherwise, full exposure to any losses
|
| Initial spot rate: | 69.3236
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| Pricing date: | Feb. 27
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| Settlement date: | March 4
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1%
|
| Cusip: | 2515A1MG3
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