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Deutsche Bank plans market-linked step-up notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, March 6 - Deutsche Bank AG, London Branch plans to price 0% market-linked step-up notes due March 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the step-up level - 116% the initial index level - the payout at maturity will be par plus 110% to 130% of the gain.
If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 16%.
Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond 5%.
The exact deal terms will be set at pricing.
BofA Merrill Lynch is the agent.
The notes are expected to price in March and settle in April.
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