Deutsche Bank plans callable yield securities tied to two indexes, fund

By Jennifer Chiou

New York, Jan. 5 – Deutsche Bank AG, London Branch plans to price callable yield securities due Feb. 1, 2017 linked to the least performing of the iShares MSCI EAFE exchange-traded fund, the Russell 2000 index and the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The securities will pay a contingent quarterly coupon at an annual rate of at least 8.1% if each component closes at or above the 70% barrier level on the determination date for that quarter.

The securities are callable at par on any coupon payment date beginning on April 27, 2015.

The payout at maturity will be par plus the contingent coupon if each component finishes at or above the 70% barrier level.

If any component falls by more than 30%, investors will be fully exposed to any losses of the worst-performing component.

The securities (Cusip: 25152RTR4) will price on Jan. 27 and settle on Jan. 30.

Deutsche Bank Securities Inc. is the agent.

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