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Deutsche Bank plans absolute return knock-out notes on Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., July 14 – Deutsche Bank AG, London Branch plans to price 0% capped absolute return knock-out notes due Jan. 25, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the lesser of the index return and 16.35%.
If the final level is less than the initial level but equal to or greater than the knock-out level, 83.65% of the initial level, the payout will be par plus the absolute value of the index return.
If the final level is less than the knock-out level, investors will share fully in the index’s decline from the initial level.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The notes are expected to price July 17 and settle July 22.
The Cusip number is 25152RK51.
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