Published on 8/27/2014 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $520,000 capped knock-out notes linked to S&P 500
By Susanna Moon
Chicago, Aug. 27 – Deutsche Bank AG, London Branch priced $520,000 of 0% capped knock-out notes due Sept. 10, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the index closes below the knock-out level, 84.25% of the initial level, on any day during the life of the notes.
If the index finishes above the initial level and a knock-out event never occurs, the payout at maturity will be par plus any index gain, up to a maximum return of 15%.
If the index falls but a knock-out event never occurs, the payout will be par.
Otherwise, the payout will be par plus return with full exposure to losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Capped knock-out notes
|
Underlying index: | S&P 500
|
Amount: | $520,000
|
Maturity: | Sept. 10, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains and never dips below knock-out level during life of notes, par plus return, capped at 15%; if index falls but never dips below knock-out level, par; otherwise, par plus return with full exposure to losses
|
Initial level: | 1,988.40
|
Knock-out level: | 1,675.23, 84.25% of initial level
|
Pricing date: | Aug. 22
|
Settlement date: | Aug. 27
|
Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
Fees: | 1%
|
Cusip: | 25152RPA5
|
|
© 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.