Deutsche Bank plans digital return notes tied to 10-year ICE swap rate

By Wendy Van Sickle

Columbus, Ohio, Nov. 4 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due Dec. 28, 2017 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

If the final reference rate is greater than or equal to the buffer level, 85% of the initial reference rate, the payout at maturity will be par plus 11.5% to 14.5%. Otherwise, investors will lose 1.1765% for every 1% that the reference rate’s decline exceeds 15%.

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

The notes will price on Nov. 22.

The Cusip number is 25152R6Q1.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.