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Deutsche Bank plans trigger performance notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Oct. 8 – Deutsche Bank AG, London Branch plans to price 0% trigger performance securities due Oct. 31, 2025 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 151% to 171% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative and the final level is greater than or equal to the trigger level, 50% of the initial index level, the payout will be par.
If the final index level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes will price Oct. 27 and settle Oct. 30.
The Cusip number is 25190F350.
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