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Prospect News home > News index > List of issuers D > Headlines for Deutsche Bank AG, London Branch > News item |
Deutsche Bank plans 11% STEP Income Securities tied to Under Armour
By Susanna Moon
Chicago, Dec. 29 – Deutsche Bank AG, London Branch plans to price 11% STEP Income Securities due January 2017 linked to Under Armour, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
If the stock finishes at or above the 111% step level, the payout at maturity will be par of $10 plus the step payment of 1% to 5%. The exact step rate will be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price and settle in January.
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