By Jennifer Chiou
New York, Jan. 26 – Deutsche Bank AG, London Branch priced $2 million of 0% capped buffered notes due Jan. 26, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 28%.
If the index return is negative but greater than or equal to negative 10%, the payout will be par.
If the index return is less than negative 10%, investors will lose 1.1111% for each 1% index decline beyond 10%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
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| Issue: | Capped buffered notes
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| Underlying index: | S&P 500
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| Amount: | $2 million
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| Maturity: | Jan. 26, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, up to a maximum return of 28%; par if index return is negative but greater than or equal to negative 10%; if index return is less than negative 10%, 1.1111% loss for each 1% index decline beyond 10%
|
| Initial index level: | 2,063.15
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| Pricing date: | Jan. 22
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| Settlement date: | Jan. 27
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| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
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| Cusip: | 25152RUK7
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