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Deutsche plans capped Leveraged Index Return Notes tied to S&P 500
By Jennifer Chiou
New York, Oct. 30 – Deutsche Bank AG, London Branch plans to price capped Leveraged Index Return Notes due November 2016 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any index gain, capped at 11% to 15%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
The notes will price in November and settle in December.
BofA Merrill Lynch is the agent.
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