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Deutsche Bank to price two-year notes linked to Bloomberg Commodity
By Marisa Wong
Morgantown, W.Va., May 3 – Deutsche Bank AG, London Branch plans to price 0% notes due May 8, 2020 linked to the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be 96.87% of par plus any index gain. If the index finishes flat or falls, the payout will be 96.87% of par. Investors will receive a positive return only if the index gains by at least 3.13%, but investors will receive at least 96.87% of par at maturity.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
The notes will price on May 4.
The Cusip number is 25155MLA7.
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