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Deutsche Bank plans three-year Stars linked to two financial stocks
By Susanna Moon
Chicago, April 24 – Deutsche Bank AG, London Branch plans to price 0% Strategic Accelerated Redemption Securities due April 2018 linked to the worse performing of American Depositary Shares of Credit Suisse Group AG and Banco Santander, SA, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call premium of 24% to 29% per year if the each stock closes at or above its initial level on any annual review date.
The payout at maturity will be par unless any stock falls, in which case investors will be exposed to any losses of the worst performing stock.
BofA Merrill Lynch is the agent.
The notes will price and settle in May.
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