Published on 11/17/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $4.20 million absolute return knock-out notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Nov. 17 – Deutsche Bank AG, London Branch priced $4,199,000 of 0% capped absolute return knock-out notes due May 15, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index finishes below the knock-out level, 80.75% of the initial level.
If the final level is greater than or equal to the initial level, the payout at maturity will be par plus the index return, subject to a maximum return of 19.25%.
If the final level is less than the initial level but a knock-out event has not occurred, the payout will be par plus the absolute value of the index return.
If the final level is less than the initial level and a knock-out event has occurred, investors will receive par plus the index return, with full exposure to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Capped absolute return knock-out notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $4,199,000
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| Maturity: | May 15, 2019
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the final level is greater than or equal to the initial level, par plus the index return, capped at 19.25%; if the final level is less than the initial level but not less than the knock-out level, par plus the absolute value of the index return; otherwise, par plus the index return, with full exposure to any losses
|
| Initial level: | 3,593.76
|
| Knock-out level: | 2,901.96, 80.75% of initial level
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| Final level: | Average of closing levels on five averaging dates ending May 10, 2019
|
| Pricing date: | Nov. 10
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| Settlement date: | Nov. 15
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| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 25155MFK2
|
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