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Deutsche Bank to price Leveraged Index Return Notes linked to Dow
By Angela McDaniels
Tacoma, Wash., Oct. 2 – Deutsche Bank AG, London Branch plans to price 0% Leveraged Index Return Notes due October 2021 linked to the Dow Jones industrial average, 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 120% to 140% of the index return. The exact participation rate will be set at pricing. Investors will receive par if the index declines by 30% or less and will lose 1% for every 1% that it declines beyond 30%.
BofA Merrill Lynch is the agent.
The notes will price and settle in October.
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