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Deutsche Bank to price capped BUyS linked to S&P 500, four ETFs
By Angela McDaniels
Tacoma, Wash., Aug. 2 - Deutsche Bank AG, London Branch plans to price 0% capped buffered underlying securities due Feb. 18, 2015 linked to an equity basket, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 70% weight, the iShares MSCI EAFE index fund with a 15% weight, the SPDR S&P MidCap 400 ETF Trust with an 8% weight, the iShares MSCI Emerging Markets index fund with a 4% weight and the iShares Russell 2000 index fund with a 3% weight.
The payout at maturity will be par plus 140% of any basket gain, subject to a maximum return of 42% to 56% that will be set at pricing. Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
The notes (Cusip: 2515A1AB7) are expected to price Aug. 10 and settle Aug. 15.
Deutsche Bank Securities Inc. is the agent.
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