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Deutsche Bank plans to price knock-out notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., June 15 – Deutsche Bank AG, London Branch plans to price 0% knock-out notes due Dec. 19, 2018 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.
If the index return is negative but the final index level is greater than or equal to the knock-out level, 73.5% of the initial index level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
The notes will price on June 16.
The Cusip number is 25155MBT7.
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