Deutsche Bank plans trigger callable contingent yield notes on indexes

By Susanna Moon

Chicago, March 13 – Deutsche Bank AG, London Branch plans to price callable contingent yield securities due April 2, 2020 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 8.4% to 8.95% if each index closes at or above its coupon barrier, 65% of its initial level, on the observation date for that period.

The notes will be callable at par on any observation date after one year.

The payout at maturity will be par plus the contingent coupon unless any index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

The notes will price on March 28 and settle on March 31.

The Cusip number is 25155MAE1.

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