Published on 3/18/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.07 million absolute return knock-out notes linked to Apple
By Angela McDaniels
Tacoma, Wash., March 18 – Deutsche Bank AG, London Branch priced $3.07 million of 0% capped absolute return knock-out notes due March 30, 2016 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus lesser of the stock return and 17.7%.
If the final share price is less than the initial share price but equal to or greater than the knock-out price, 82.3% of the initial share price, the payout will be par plus the absolute value of the stock return.
If the final share price is less than the knock-out share price, investors will share fully in the stock’s decline from the initial share price.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped absolute return knock-out notes
|
| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
|
| Amount: | $3,070,000
|
| Maturity: | March 30, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus lesser of stock return and 17.7%; if final share price is less than initial share price but greater than or equal to knock-out price, par plus absolute value of stock return; if final share price is less than knock-out share price, full exposure to stock’s decline
|
| Initial share price: | $123.59
|
| Knock-out price: | 101.71, 82.3% of initial share price
|
| Final share price: | Average of closing share prices on five trading days ending March 24, 2016
|
| Pricing date: | March 13
|
| Settlement date: | March 18
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 2515A1MV0
|
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