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Deutsche Bank to price capped return enhanced notes tied to S&P 500
By Tali Rackner
Norfolk, Va., Jan. 27 – Deutsche Bank AG, London Branch plans to price 0% capped return enhanced notes due Feb. 22, 2017 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 three times the index return, subject to a maximum return that is expected to be at least 17.58% and will be set at pricing.
If the final index level is less than the initial index level, investors will be fully exposed to the decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The notes will price on Jan. 29 and settle Feb. 3.
The Cusip number is 25152RZT3.
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