Deutsche Bank AG Announces Pricing of Cash-Settled Equity Linked Notes Linked to the Common Stock of JPMorgan Chase & Co. due...
April 18 2018 - 9:18PM
Business Wire
Deutsche Bank AG, London Branch (the “Issuer”) today
announces the pricing of its public offering of $225,000,000 of
Cash-Settled Equity Linked Notes Linked to the Common Stock of
JPMorgan Chase & Co. due May 1, 2023 (the “Notes”).
The Notes will bear interest at a rate of 1.00% per year,
payable semi-annually in arrears on May 1 and November 1 of each
year, beginning on November 1, 2018, and will mature on May 1,
2023. The Notes cannot be exchanged or redeemed early and will be
cash-settled at maturity. The amount of cash payable on the Notes
at maturity will be based on the volume-weighted average price of
the common stock of JPMorgan Chase & Co (“JPM”).
The threshold price (the “Threshold Price”) of the Notes
will be set at a 16% premium to the initial price (the “Initial
Price”) of the Notes, which will equal the volume-weighted
average price of one share of JPM common stock on the trading day
immediately following April 18, 2018. The Threshold Price and
Initial Price are expected to be announced after such trading
day.
The Notes will be issued with a minimum purchase of $100,000 and
in minimum denominations of $1,000 and integral multiples of $1,000
in excess thereof at an issue price of 103% of the face amount of
the Notes. Settlement and delivery of the Notes is expected to take
place on April 23, 2018.
Deutsche Bank Securities Inc. acted as Sole Bookrunner.
Deutsche Bank AG has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission for the
offering of the Notes. Before you invest, you should read the
prospectus in that registration statement and the other documents
relating to the offering of the Notes that Deutsche Bank AG has
filed with the SEC for more complete information about Deutsche
Bank AG and the offering of the Notes. You may obtain these
documents without cost by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, Deutsche Bank AG or DBSI will arrange
to send you the prospectus, prospectus supplement and the
preliminary pricing supplement if you so request by calling
toll-free 1-800-503-4611.
About Deutsche Bank
Deutsche Bank provides commercial and investment banking, retail
banking, transaction banking and asset and wealth management
products and services to corporations, governments, institutional
investors, small and medium-sized businesses, and private
individuals. Deutsche Bank is Germany’s leading bank, with a strong
position in Europe and a significant presence in the Americas and
Asia Pacific.
This release contains forward-looking statements.
Forward-looking statements are statements that are not historical
facts; they include statements about our beliefs and expectations
and the assumptions underlying them. These statements are based on
plans, estimates and projections as they are currently available to
the management of Deutsche Bank. Forward-looking statements
therefore speak only as of the date they are made, and we undertake
no obligation to update publicly any of them in light of new
information or future events.
By their very nature, forward-looking statements involve risks
and uncertainties. A number of important factors could therefore
cause actual results to differ materially from those contained in
any forward-looking statement. Such factors include the conditions
in the financial markets in Germany, in Europe, in the United
States and elsewhere from which we derive a substantial portion of
our revenues and in which we hold a substantial portion of our
assets, the development of asset prices and market volatility,
potential defaults of borrowers or trading counterparties, the
implementation of our strategic initiatives, the reliability of our
risk management policies, procedures and methods, and other risks
referenced in our filings with the U.S. Securities and Exchange
Commission. Such factors are described in detail in our SEC Form
20-F of 16 March 2018 under the heading “Risk Factors”. Copies of
this document are readily available upon request or can be
downloaded from www.db.com/ir.
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version on businesswire.com: https://www.businesswire.com/news/home/20180418006676/en/
Deutsche BankPress & Media RelationsKerrie McHugh, +1
212-250-6853
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