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Deutsche Bank plans autocallable securities on S&P 500, Euro Stoxx 50
By Marisa Wong
Madison, Wis., July 7 – Deutsche Bank AG, London Branch plans to price 0% autocallable securities due Aug. 2, 2017 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized return of at least 12% if each index closes at or above its initial index level on an annual call date. The exact call return will be set at pricing.
If the notes are not called and the final level of the worse performing index is at least 80% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline in the worse performing index.
Deutsche Bank Securities Inc. is the agent.
The notes are expected to price on July 28 and settle on July 31.
The Cusip number is 25152RLT8.
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