New Issue: Deutsche prices $1.14 million knock-out notes linked to Euro Stoxx 50

By Jennifer Chiou

New York, Nov. 13 - Deutsche Bank AG, London Branch priced $1.14 million of 0% knock-out notes due Nov. 14, 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 1.45 times any index gain.

Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% knock-out level.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Knock-out notes
Underlying index:	Euro Stoxx 50
Amount:	$1.14 million
Maturity:	Nov. 14, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 145% of any index gain; par if index falls by 40% or less; otherwise, full exposure to any losses
Initial index level:	3,034.91
Knock-out level:	1,820.95, 60% of initial level
Pricing date:	Nov. 8
Settlement date:	Nov. 14
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	3%
Cusip:	25152RFT5

© 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.