By Susanna Moon
Chicago, Feb. 5 - Deutsche Bank AG, London Branch priced $1.26 million of 0% knock-out notes due Feb. 1, 2017 linked to a basket of three equally weighted stocks and American Depositary Shares, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Bristol-Myers Squibb Co., Merck & Co., Inc. and AstraZeneca plc.
A knock-out event occurs if the basket finishes below the 80% knock-out level.
The payout at maturity will be par plus 1.4 times any basket gain.
Investors will receive par if the basket falls by up to 20% and will be fully exposed to any losses if the basket finishes below the knock-out level.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Knock-out notes
|
| Underlying stocks: | Bristol-Myers Squibb Co., Merck & Co., Inc. and AstraZeneca plc
|
| Amount: | $1.26 million
|
| Maturity: | Feb. 1, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.4 times any basket gain; par if basket falls by up to 20%; otherwise, par plus return with full exposure to losses
|
| Knock-in level: | 80% of initial level
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 2%
|
| Cusip: | 25152RHJ5
|
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