Deutsche Bank plans trigger return enhanced notes on EAFE ETF, Stoxx

New York, April 3 – Deutsche Bank AG, London Branch plans to price 0% trigger return enhanced securities due May 3, 2023 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the lesser-performing underlier’s final level is greater than or equal to its initial level, the payout at maturity will be par plus at least 350% of the lesser-performing underlier’s return. The exact upside leverage factor will be set at pricing.

If the final level of the lesser-performing underlier is less than its initial level but greater than or equal to its trigger level, 50% of its initial level, the payout will be par.

If the final level of the lesser-performing underlier is less than its trigger level, investors will lose 1% for every 1% that the lesser-performing underlier declines from its initial level.

Deutsche Bank Securities Inc. is the agent.

The notes will price on April 30 and settle on May 5.

The Cusip number is 25155MKQ3.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.