Deutsche Bank plans 10-year trigger performance notes linked to S&P 500

By Susanna Moon

Chicago, Aug. 15 – Deutsche Bank AG, London Branch plans to price 0% trigger performance securities due Aug. 28, 2024 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 146.7% to 156.7% of any index gain. The exact participation rate will be set at pricing.

If the index finishes at or above the trigger level, 50% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

The notes will price on Aug. 22 and settle on Aug. 27.

The Cusip number is 25155V192.

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