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Deutsche Bank to price Stars linked to Russell 2000, Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 6 – Deutsche Bank AG, London Branch of 0% Strategic Accelerated Redemption Securities due April 2016 linked to a basket holding equal weights of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call premium of 7% to 11% per year if the basket closes at or above its initial level on any observation date, which will occur six, nine and 12 months after the pricing date. The exact call premium will be set at pricing.
The payout at maturity will be par unless the basket falls by more than 5%, in which case investors will lose 1% for every 1% that the basket declines beyond 5%.
BofA Merrill Lynch is the agent.
The notes will price and settle in April.
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