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Deutsche Bank plans trigger performance notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Aug. 7 – Deutsche Bank AG, London Branch plans to price 0% trigger performance securities due Aug. 31, 2020 linked to the Euro Stoxx 50 index, 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 133% to 143% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative and the index’s final level is greater than or equal to the trigger level, 60% of the initial index level, the payout will be par.
If the final index level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes are expected to price Aug. 27 and settle Aug. 31.
The Cusip number is 25190J576.
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