Deutsche Bank plans to price capped knock-out notes linked DAX

By Angela McDaniels

Tacoma, Wash., Sept. 30 – Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Oct. 19, 2016 linked to the DAX Index (Total Return), according to an FWP filing with the Securities and Exchange Commission.

A knock-out event will occur if the final index level is less than the knock-out level, 80% of the initial index level.

If the final level is greater than or equal to the initial level, the payout at maturity will be par plus the lesser of the index return and the maximum return, which is expected to be at least 12% and will be set at pricing. If the final level is less than the initial level but a knock-out event has not occurred, the payout will be par. If a knock-out level has occurred, investors will be fully exposed to the index’s decline.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

The notes are expected to price Oct. 2 and settle Oct. 7.

The Cusip number is 25152RS46.

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