Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Deutsche Bank plans to price knock-out notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 29 – Deutsche Bank AG, London Branch plans to price 0% knock-out notes due Oct. 4, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event will occur if the final index level is less than the knock-out level, which is expected to be 78.6% of the initial index level.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the index return.
If the final index level is less than the initial index 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 final index level is less than the initial index level.
The final index level will be the average of the index’s closing levels on the five trading days ending Sept. 29, 2017.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price April 1.
The Cusip number is 2515A1ND9.
© 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.