Deutsche Bank plans trigger return enhanced notes linked to ETF, Stoxx

By Angela McDaniels

Tacoma, Wash., Dec. 11 – Deutsche Bank AG, London Branch plans to price 0% trigger return enhanced securities due Dec. 23, 2022 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing underlier’s final level is greater than or equal to its initial level, the payout at maturity will be par plus at least 310% of the lesser-performing underlier’s return. The exact upside leverage factor will be set at pricing.

If the final level of the lesser-performing underlier is less than its initial level but greater than or equal to its trigger level, 50% of its initial level, the payout will be par.

If the final level of the lesser-performing underlier is less than its trigger level, investors will lose 1% for every 1% that the lesser-performing underlier declines from its initial level.

Deutsche Bank Securities Inc. is the agent.

The notes will price Dec. 20.

The Cusip number is 25155MGH8.

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