Deutsche Bank plans contingent 6.25%-7.25% callables on S&P, Stoxx, iShares China

By Susanna Moon

Chicago, Jan. 19 – Deutsche Bank AG plans to price callable contingent yield securities due April 30, 2019 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the iShares China Large-Cap exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.25% to 7.25% if each underlying component closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes are callable at par on any quarterly observation date.

The payout at maturity will be par plus the contingent coupon unless any component finishes below its 70% knock-out level, in which case investors will lose 1% for each 1% decline of the worst performing index or fund.

Deutsche Bank Securities Inc. is the agent.

The notes will price on Jan. 25.

The Cusip number is 25155MHL8.

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