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Deutsche Bank plans collared leveraged securities linked to CMS rate
By Angela McDaniels
Tacoma, Wash., Feb. 1 - Deutsche Bank AG, London Branch plans to price collared leveraged securities due Feb. 13, 2018 linked to the 30-year Constant Maturity Swap rate, according to an FWP filing with the Securities and Exchange Commission.
If the final swap rate is greater than or equal to 4%, the payout at maturity will be par plus (a) 50 times (b) the final swap rate minus 4%, subject to a maximum gain of 60%.
If the final swap rate is less than 4%, the payout will be par minus (a) 50 times (b) 4% minus the final swap rate, subject to a maximum loss of 30% to 45%. The exact maximum loss will be set at pricing.
The notes are expected to price Feb. 8 and settle Feb. 13.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
The Cusip number is 25152RUX9.
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