Deutsche Bank plans 8% contingent yield callables tied to three funds

By Susanna Moon

Chicago, Dec. 5 – Deutsche Bank AG plans to price callable contingent yield securities due June 17, 2020 linked to the least performing of the Health Care Select Sector SPDR fund, the Technology Select Sector SPDR fund and the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each underlying component closes at or above its 67% coupon barrier on the observation date for that quarter.

The notes are callable at par on any quarterly observation date.

The payout at maturity will be par plus the contingent coupon unless any fund finishes below its 67% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing fund.

Deutsche Bank Securities Inc. is the agent.

The notes will price on Dec. 12.

The Cusip number is 25155MGB1.

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