Deutsche Bank plans knock-out notes tied to basket of three stocks

By Marisa Wong

Madison, Wis., Jan. 29 - Deutsche Bank AG, London Branch plans to price 0% knock-out notes due Feb. 1, 2017 linked to an equally weighted basket of stocks, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the common stocks of Bristol-Myers Squibb Co., Merck & Co., Inc. and AstraZeneca plc.

A knock-out event occurs if the final basket level is less than the initial basket level by more than the knock-out buffer of 20%.

If the final basket level is greater than or equal to the initial level, the payout at maturity will be par plus 1.4 times the basket return.

If the final basket level is less than the initial level but a knock-out event has not occurred, the payout will be par.

Otherwise, investors will receive par plus the basket return with full exposure to losses.

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

The notes are expected to price Jan. 31 and settle Feb. 5.

The Cusip number is 25152RHJ5.

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