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Deutsche Bank plans to price digital return notes tied to Apple stock
By Tali Rackner
Norfolk, Va., March 31 – Deutsche Bank AG, London Branch plans to price 0% digital return notes due July 12, 2017 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the trigger level, 85% of the initial level, the payout at maturity will be par plus the digital return, which is expected to be at least 15.7% and will be set at pricing.
Otherwise, the payout will be par plus the return, with full exposure to losses.
The final index level will be the average of the index’s closing levels on the five trading days ending July 7, 2017.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price on April 1 and settle on April 6.
The Cusip number is 2515A1NC1.
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