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Deutsche plans capped knock-out notes linked to Topix Banks index
New York, Oct. 26 – Deutsche Bank AG, London Branch plans to price 0% capped knock-out notes due Nov. 15, 2018 linked to the Tokyo Stock Exchange Topix Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level is greater than or equal to the initial level, the payout at maturity will be par plus the index return capped at par plus 30%.
If the final level is less than the initial level but greater than or equal to the knock-out level, 85% of the initial level, the payout will be par. If the final level is less than the knock-out level has occurred, investors will be fully exposed to the index’s decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
The notes are expected to price on Oct. 27 and settle on Nov. 1.
The Cusip number is 25155MFB2.
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