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Deutsche Bank plans trigger step performance securities on Euro Stoxx
By Marisa Wong
Madison, Wis., June 4 - Deutsche Bank AG, London Branch plans to price 0% trigger step performance securities due Dec. 31, 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and the step return, which is expected to be 15% to 19% and will be determined at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls more than 25%.
The notes (Cusip: 25155H425) are expected to price June 26 and settle June 28.
Deutsche Bank Securities Inc. and UBS Financial Services Inc. are the agents.
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