By Marisa Wong
Morgantown, W.Va., Aug. 23 – Deutsche Bank AG, London Branch priced $1.25 million of 0% capped return enhanced notes due Aug. 29, 2018 linked to the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 1.5 times the fund gain, subject to a maximum return of 18.75%.
Investors will be fully exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Capped return enhanced notes
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| Underlying ETF: | SPDR S&P Bank ETF
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| Amount: | $1.25 million
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| Maturity: | Aug. 29, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any fund gain, subject to a maximum return of 18.75%; investors will be fully exposed to any losses
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| Initial price: | $41.85
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| Pricing date: | Aug. 11
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| Settlement date: | Aug. 16
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| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 25155MDC2
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