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Deutsche Bank plans buffered return enhanced notes on Stoxx Europe 600
By Angela McDaniels
Tacoma, Wash., June 21 – Deutsche Bank AG, London Branch plans to price 0% buffered return enhanced notes due July 12, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus two times the index return, up to a maximum return that is expected to be 13% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
The final index level will be the average of the index’s closing levels on the five trading days ending July 7, 2017.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The notes will price June 22.
The Cusip number is 25152R3W1.
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