Deutsche Bank plans Stars linked to iShares MSCI EAFE, EM ETFs

By Angela McDaniels

Tacoma, Wash., May 1 – Deutsche Bank AG, London Branch plans to price 0% Strategic Accelerated Redemption Securities due June 2016 linked to an equally weighted basket comprised of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call premium of 8% to 12% per year if the basket closes at or above its initial level on any call observation date, which are expected to occur roughly six, nine and 12 months after the pricing date. The exact call premium will be set at pricing.

If the notes are not called, the payout at maturity will be par minus 1% for every 1% that the basket finishes below its initial level.

BofA Merrill Lynch is the agent.

The notes will price in May and settle in June.

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