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Deutsche plans to price knock-out notes linked to Euro Stoxx 50 index
By Jennifer Chiou
New York, July 23 – Deutsche Bank AG, London Branch plans to price 0% knock-out notes due Jan. 27, 2016 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes at or above 83.8% of the initial level, the payout at maturity will be par plus the greater of zero and the index return.
Otherwise, investors will share in any losses.
The final index level will be the average of the closing index levels on the five trading days ending Jan. 22, 2016.
The notes (Cusip: 25152RMS9) are expected to price on July 25 and settle on July 30.
J.P. Morgan Securities LLC will act as placement agent.
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