Deutsche Bank to price 0% annual review notes linked to Euro Stoxx

By Marisa Wong

Madison, Wis., May 27 – Deutsche Bank AG, London Branch plans to price 0% annual review notes due June 13, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized call premium of at least 10.8% if the index closes at or above the initial index level on any of three annual review dates. The exact premium will be set at pricing.

The payout at maturity will be par unless the final index level is less than 80% of the initial level, in which case investors will lose 1% for every 1% decline below the initial level.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

The notes will price May 29 and settle June 3.

The Cusip number is 25152RG49.

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