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Deutsche plans airbag performance notes linked to Euro Stoxx 50
By Jennifer Chiou
New York, July 2 – Deutsche Bank AG, London Branch plans to price 0% airbag performance securities due July 31, 2024 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 180% to 200% of any index gain, with the exact participation rate to be set at pricing.
If the index falls by up 50%, the payout will be par. Otherwise, investors will lose 2% for every 1% decline beyond 50%.
The notes (Cusip: 25155V697) are expected to price on July 29 and settle on July 31.
Deutsche Bank Securities Inc. and UBS Financial Services Inc. are the agents.
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