Deutsche to price $250 million Elements linked to Morningstar Wide Moat Focus Total Return

By Laura Lutz

Des Moines, Oct. 16 - Deutsche Bank AG plans to price $250 million of 0% Elements due Oct. 24, 2022 linked to the Morningstar Wide Moat Focus Total Return index via agents Nuveen Investments and Merrill Lynch & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will price on Oct. 17 and settle on Oct. 23.

The equity index is made up of 20 companies that Morningstar believes have a maintainable return on invested capital exceeding the cost of capital and a sustainable competitive advantage.

Beginning on Oct. 30, holders may put back the notes for repurchase on a weekly repurchase date. There is a minimum put requirement of $2.5 million of securities.

The redemption amount will be par plus the index return, less an annual investor fee of 0.75% times the proportion of days elapsed.

If the notes are not repurchased early, the payout at maturity will be calculated the same way.

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