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Deutsche Bank plans performance securities linked to S&P 500 index
By Jennifer Chiou
New York, Dec. 2 - Deutsche Bank AG, London Branch plans to price 0% performance securities with contingent protection due Dec. 29, 2015 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 113% to 123% of any increase in the index. Investors will receive par if the index declines by 50% or less and will receive par plus the index return it if declines by more than 50%.
The exact participation rate will be set at pricing.
The notes (Cusip: 25154P741) are expected to price on Dec. 22 and settle on Dec. 28.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
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