Deutsche Bank amends terms for uncapped BUyS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 2 – Deutsche Bank AG, London Branch amended the terms of its upcoming 0% uncapped buffered underlying securities linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are now expected to price Sept. 30, settle Oct. 3 and mature Oct. 4, 2018. Previously, they were expected to price Aug. 28, settle Sept. 3 and mature Aug. 31, 2018.

In addition, the expected upside leverage factor was changed to between 110% and 115%. It was previously expected to be between 115% and 125%.

The remaining terms are unchanged.

If the index return is positive, the payout at maturity will be par plus the index return multiplied by the upside leverage factor. Investors will receive par if the index declines by 15% or less and will lose 1.17647% for every 1% that the index declines beyond 15%.

Deutsche Bank Securities Inc. is the agent.

The Cusip number is 25152RKR3.

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