New Issue: Deutsche Bank prices $6 million capped buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 12 – Deutsche Bank AG, London Branch priced $6 million of 0% capped buffered notes due Feb. 14, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 24%. If the index declines by up to 18.6%, the payout will be par. Otherwise, investors will lose 1.2285% for every 1% that the index declines beyond 18.6%.

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

Issuer:	Deutsche Bank AG, London Branch
Issue:	Capped buffered notes
Underlying index:	S&P 500
Amount:	$6 million
Maturity:	Feb. 14, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return, subject to maximum return of 24%; if index declines by up to 18.6%, par; otherwise, 1.2285% loss for every 1% that index declines beyond 18.6%
Initial index level:	2,104.18
Final index level: Average of index’s closing levels on five trading days ending Feb. 9, 2018
Pricing date:	Aug. 10
Settlement date:	Aug. 13
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.75%
Cusip:	25152RL76

© 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.