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Prospect News home > News index > List of issuers D > Headlines for Deutsche Bank AG, London Branch > News item |
Deutsche plans uncapped BUyS due 2020 linked to S&P 500
By Marisa Wong
Madison, Wis., Dec. 31 – Deutsche Bank AG, London Branch plans to price 0% uncapped buffered underlying securities due Feb. 3, 2020 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 105% to 115% of any gain in the index, with the exact participation to be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1.17647% for every 1% decline beyond 15%.
Deutsche Bank Securities Inc. is the agent.
The notes will price Jan. 29 and settle Feb. 3.
The Cusip number is 25152RKR3.
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