Published on 6/22/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.36 million capped return enhanced notes on Euro Stoxx 50
By Tali Rackner
Norfolk, Va., June 22 – Deutsche Bank AG, London Branch priced $3.36 million of 0% capped return enhanced notes due July 6, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
If the index return is positive, the payout at maturity will be par plus three times the index return, up to a maximum return of 26.1%.
If the index return is negative, investors will have one-to-one exposure to the decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $3.36 million
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Maturity: | July 6, 2017
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index return is positive, par plus three times index return, up to maximum return of 26.1%; if index return is negative, one-to-one exposure to decline
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Initial index level: | 2,849.17
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Final index level: | Average of index’s closing levels on five trading days ending June 30, 2017
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Pricing date: | June 17
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Settlement date: | June 22
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 25152R3S0
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