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Deutsche Bank to price capped buffered notes linked to S&P 500
By Marisa Wong
Madison, Wis., April 29 - Deutsche Bank AG, London Branch plans to price 24- to 27-month 0% capped buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,129 to $1,159 per $1,000 note. If the index return is zero or negative but not below negative 12.5%, the payout will be par. If the index return is less than negative 12.5%, investors will lose 1.14286% for every 1% that the index declines beyond 12.5%.
The exact maturity date and maximum return will be set at pricing.
Deutsche Bank Securities Inc. is the agent.
The Cusip number is 25152RJY0.
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