Deutsche Bank plans capped knock-out notes on S&P 500 via JPMorgan

By Marisa Wong

Madison, Wis., June 5 - Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due June 26, 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

A knock-out event occurs if the index falls by more than 32.5% from the initial level on any day during the life of the notes.

If a knock-out event does not occur, the payout at maturity will be par plus the contingent minimum return of 10%.

If a knock-out event occurs, the payout will be par plus the index return, subject to a maximum return of 10%. Investors will be fully exposed to any index decline.

The notes (Cusip: 2515A1KC4) are expected to price June 8 and settle June 13.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC will act as placement agents.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.