Deutsche Bank plans digital return notes linked to rupee vs. euro

By Marisa Wong

Madison, Wis., Feb. 26 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due March 16, 2016 linked to performance of the Indian rupee relative to the euro, according to an FWP filing with the Securities and Exchange Commission.

The currency performance will be positive if the rupee strengthens relative to the euro.

If the currency performance is greater than or equal to zero, the payout at maturity will be par plus 11.4%. If the currency performance is less than zero but greater than or equal to negative 10%, the payout will be par. If the currency performance is less than negative 10%, investors will lose 1% of par for every 1% that the currency performance is negative.

The final spot will be the average of the spot rates on the five trading days ending March 11, 2016.

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

The notes are expected to price Feb. 27 and settle March 4.

The Cusip number is 2515A1MG3.

© 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.