Published on 6/24/2016 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank prices $7.5 million capped return enhanced notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., June 24 – Deutsche Bank AG, London Branch priced $7.5 million of 0% capped return enhanced notes due June 26, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
If the index return is positive, the payout at maturity will be par plus five times the index return, up to a maximum return of 64.25%.
If the index return is negative, investors will have one-to-one exposure to the decline.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Deutsche Bank AG, London Branch
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Issue: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $7.5 million
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Maturity: | June 26, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index return is positive, par plus five times index return, up to maximum return of 64.25%; if index return is negative, one-to-one exposure to decline
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Initial index level: | 2,978.31
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Final index level: | Average of index’s closing levels on five trading days ending June 21, 2019
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Pricing date: | June 22
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Settlement date: | June 27
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 25152R4B6
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