By Angela McDaniels
Tacoma, Wash., June 14 – Deutsche Bank AG, London Branch priced $1.17 million of 0% knock-out notes due Dec. 13, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 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, 78.25% of the initial index level.
If the final index level is greater or equal to the initial index 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 index’s final level is less than its initial level.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Knock-out notes
|
| Underlying index: | Stoxx Europe 600
|
| Amount: | $1,165,000
|
| Maturity: | Dec. 13, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater or equal to initial index level, par plus index return; if final index level is less than initial index level but greater than or equal to knock-out level, par; if final level is less than knock-out level, 1% loss for every 1% that index’s final level is less than initial level
|
| Initial level: | 332.92
|
| Knock-out level: | 260.51, 78.25% of initial level
|
| Final index level: | Average of index’s closing levels on five trading days ending Dec. 8, 2017
|
| Pricing date: | June 10
|
| Settlement date: | June 15
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 25152R3K7
|
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