Deutsche plans contingent absolute return notes linked to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., April 7 – Deutsche Bank AG, London Branch plans to price 0% contingent absolute return performance securities due April 30, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index return is positive, the payout at maturity will be par plus 127% to 137% of the index return, with the exact participation rate to be set at pricing.

If the index return is zero or negative and the final index level is at least 75% of the initial level, the payout will be par plus the absolute value of the index return.

If the final index level is less than the 75% trigger level, investors will receive par plus the index return, with full exposure to losses.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. will be the agents.

The notes (Cusip: 25190G531) will price April 28 and settle April 30.

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