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Deutsche plans capped leveraged buffered notes linked to S&P 500
By Jennifer Chiou
New York, June 16 – Deutsche Bank AG, London Branch plans to price 0% capped leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 24 to 27 months after pricing.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum payment of $1,105 to $1,138.75 per $1,000 principal amount of notes. The exact maximum payment will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% that the index declines beyond 10%.
The Cusip number is 25152RKZ5.
Deutsche Bank Securities Inc. is the agent.
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