Deutsche Bank to price buffered digital notes linked to mining ETF

By Angela McDaniels

Tacoma, Wash., March 17 - Deutsche Bank AG, London Branch plans to price 0% buffered digital notes linked to the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 22 to 25 months.

If the ETF return is greater than or equal to negative 10%, the payout at maturity will be the digital settlement amount, which is expected to be $1,177 to $1,217 per $1,000 principal amount of notes and will be set at pricing. If the ETF return is less than negative 10%, investors will lose 1.1111% for every 1% that the ETF declines beyond 10%.

Deutsche Bank Securities Inc. is the agent.

The Cusip number is 25152RJM6.

© 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.