Deutsche Bank plans absolute return notes linked to Stoxx Europe 600

By Angela McDaniels

Tacoma, Wash., June 21 – Deutsche Bank AG, London Branch plans to price 0% capped absolute return knock-out 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 final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the lesser of the index return and 10%.

If the final index level is less than the initial index level but greater than or equal to the knock-out level, 83% of the initial index level, the payout will be par plus the absolute value of the index return.

If the final index level is less than the knock-out level, investors will lose 1% for every 1% that the final index level is less than the initial index level.

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 24.

The Cusip number is 25152R3Y7.

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