Deutsche Bank plans six-year Stars linked to Euro Stoxx 50 index

By Marisa Wong

Morgantown, W.Va., Jan. 23 – Deutsche Bank AG, London Branch plans to price 0% Strategic Accelerated Redemption Securities due January 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 12.5% to 13.5% if the index closes at or above its initial level on any of six annual observation dates. The exact call premium will be set at pricing.

If the notes are not called, investors will have one-to-one exposure to the index’s decline at maturity.

BofA Merrill Lynch is the agent.

The notes will price and settle in January.

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