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Deutsche Bank plans performance securities linked to Russell 3000
By Angela McDaniels
Tacoma, Wash., Nov. 17 - Deutsche Bank AG, London Branch plans to price 0% performance securities with contingent protection due Nov. 25, 2015 linked to the Russell 3000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 112% to 118% of any increase in the index. Investors will receive par if the index declines by 50% or less and will receive par plus the index return it if declines by more than 50%.
The exact participation rate will be set at pricing.
The notes (Cusip 25154P865) are expected to price Nov. 19 and settle Nov. 24.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the underwriters.
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