Published on 3/28/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $3.06 million digital return notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 28 – Deutsche Bank AG, London Branch priced $3.06 million of 0% digital return notes due July 6, 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 or equal to 85% of the initial level, the payout at maturity will be par plus 9%. Otherwise, investors will be fully exposed to the index’s decline from its initial level.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Digital return notes
|
Underlying index: | S&P 500
|
Amount: | $3,055,000
|
Maturity: | July 6, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above trigger level, par plus 9%; otherwise, full exposure to index’s decline from initial level
|
Initial index level: | 2,035.94
|
Final index level: Average of index’s closing levels on five trading days ending June 30, 2017
|
Trigger level: | 1,730.55, 85% of initial level
|
Pricing date: | March 24
|
Settlement date: | March 30
|
Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
Fees: | 1.13%
|
Cusip: | 2515A1N98
|
© 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.