Deutsche Bank plans knock-out notes linked to worst of three indexes

By Angela McDaniels

Tacoma, Wash., Oct. 1 – Deutsche Bank AG, London Branch plans to price 0% knock-out notes due Oct. 6, 2016 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

A knock-out event occurs if the final level of the least-performing index is less than its knock-out level, 75% of its initial level.

If the final level of the least-performing index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the contingent minimum return, which is expected to be 32.5%, and the return of the least-performing index.

If the final level of the least-performing index is less than its initial level but a knock-out event has not occurred, the payout will be par.

If a knock-out event has occurred, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

The notes are expected to price Oct. 2 and settle Oct. 7.

The Cusip number is 25152RRA3.

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