Published on 6/28/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $2.78 million absolute return notes linked to Stoxx Europe 600
By Angela McDaniels
Tacoma, Wash., June 21 – Deutsche Bank AG, London Branch priced $2.78 million of 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.
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 index: | Stoxx Europe 600
|
| Amount: | $2,776,000
|
| Maturity: | July 12, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus lesser of index return and 10%; if final index level is less than initial index level but greater than or equal to knock-out level, par plus absolute value of index return; if final index level is less than knock-out level, 1% loss for every 1% that final index level is less than initial index level
|
| Initial index level: | 321.98
|
| Knock-out level: | 267.24, 83% of initial level
|
| Final index level: | Average of index’s closing levels on five trading days ending July 7, 2017
|
| Pricing date: | June 24
|
| Settlement date: | June 29
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 25152R3Y7
|
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