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Deutsche Bank plans autocallable buffered notes tied to Russell 2000
By Marisa Wong
Madison, Wis., May 15 – Deutsche Bank AG, London Branch plans to price 0% autocallable buffered notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 36 months after issuance.
The notes will be called at par plus a call premium if the index closes at or above the initial level on any of two call observation dates. The call premium will be between 7.85% and 9.21% for the first call date and between 14.5% and 17% for the second call date. The call dates are expected to occur 13 and 24 months after pricing.
If the notes are not called and the final index level is greater than or equal to the initial level, the payout at maturity will be par plus a premium of 21.75% to 25.5%. If the index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1.17647% for every 1% decline beyond 15%.
The exact deal terms will be set at pricing.
Deutsche Bank Securities Inc. is the agent.
The Cusip number is 25152RF32.
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