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Deutsche plans two-year market-linked step-up notes on Euro Stoxx 50
By Jennifer Chiou
New York, Nov. 4 – Deutsche Bank AG, London Branch plans to price 0% market-linked step-up notes due November 2016 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the step-up payment and the index return. The step-up payment is expected to be 19% to 25% and will be set at pricing.
Investors will be exposed to any index decline.
The notes are expected to price in November and settle in December.
BofA Merrill Lynch is the agent.
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