Deutsche Bank plans one-year Stars linked to two iShares ETFs

By Marisa Wong

Madison, Wis., April 30 – Deutsche Bank AG, London Branch plans to price 0% Strategic Accelerated Redemption Securities due May 2016 linked to an equally weighted basket of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets ETF, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call premium of 6% to 10% per year if the basket closes at or above its initial level on any of three observation dates in November 2015, February 2016 and May 2016.

The payout at maturity will be par if the basket finishes at or above the 95% threshold value. Investors will lose 1% for every 1% decline beyond 5%.

BofA Merrill Lynch is the agent.

The notes will price and settle in May.

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