Published on 7/22/2015 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $1.38 million return enhanced notes on Euro Stoxx
By Susanna Moon
Chicago, July 22 – Deutsche Bank AG, London Branch priced $1.38 million of 0% return enhanced notes due July 25, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.69 times any gain in the index.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,382,000
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Maturity: | July 25, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 169% of any index gain; exposure to any losses
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Initial level: | 3,670.34
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Pricing date: | July 17
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Settlement date: | July 22
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Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 2%
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Cusip: | 25152RK69
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