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Deutsche Bank plans securities on China Large-Cap ETF, Hang Seng index
By Wendy Van Sickle
Columbus, Ohio, June 20 – Deutsche Bank AG, London Branch plans to price 0% securities due June 26, 2019 linked to the lesser performing of the iShares China Large-Cap exchange-traded fund and the Hang Seng index, according to a 424B2 filing with the Securities and Exchange Commission.
If both assets gain, the payout at maturity will be the greater of 1.2 times the return of the lesser performing asset and the maximum return of 38% to 42%.
If either asset falls but neither falls below the 60% trigger level, the payout will be the absolute value of the lesser performing asset. Otherwise, investors will be fully exposed to the decline of the lesser performing asset.
Deutsche Bank Securities is the underwriter.
The notes will price June 23 and settle June 28.
The Cusip number is 25152R3R2.
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