Published on 7/28/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.5 million capped knock-out notes on Euro Stoxx
By Marisa Wong
Madison, Wis., July 28 – Deutsche Bank AG, London Branch priced $3.5 million of 0% capped knock-out notes due Jan. 27, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus the index return, capped at 27%.
If the index return is negative but the final level is at least 82% of the initial level, the payout will be par.
Otherwise, the payout will be par plus the index return, with full exposure to losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped knock-out notes
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Underlying index: | Euro Stoxx 50
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Amount: | $3.5 million
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Maturity: | Jan. 27, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is zero or positive, par plus the index return, capped at 27%; if index return is negative but final level is at least 82% of initial level, par; otherwise, full exposure to losses from initial level
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Initial index level: | 3,600.00
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Knock-out level: | 2,952.00, 82% of initial level
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Pricing date: | July 24
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Settlement date: | July 29
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1.25%
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Cusip: | 25152RK93
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