Deutsche Bank to price Stars linked to three financial sector stocks

By Angela McDaniels

Tacoma, Wash., Aug. 6 – Deutsche Bank AG, London Branch plans to price 0% Strategic Accelerated Redemption Securities due August 2019 linked to the worst performing of the common stocks of Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co., 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 17% to 21% per year if each stock closes at or above its initial share price on any annual call observation date. The exact call premium will be set at pricing.

If the notes are not called, the payout at maturity will be par minus 1% for every 1% that the worst-performing stock finishes below its initial share price.

BofA Merrill Lynch is the agent.

The notes will price and settle in August.

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