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Deutsche Bank plans digital payment notes tied to Russell 2000 index
By Susanna Moon
Chicago, Sept. 29 - Deutsche Bank AG, London Branch plans to price 0% digital payment securities due October 2012 linked to Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus a fixed payment of $80 to $100 per $1,000 principal amount. The exact digital return will be set at pricing.
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 barrier level.
Deutsche Bank Securities Inc. is the agent.
The notes will price and settle in October.
The Cusip number is 2515A1DB4.
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