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Deutsche Bank plans airbag performance notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 24 – Deutsche Bank AG, London Branch plans to price 0% airbag performance securities due Sept. 30, 2025 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 165% to 175% of the index return. The exact participation rate will be set at pricing. If the index return is zero or negative but not less than negative 40%, the payout will be par. Otherwise, investors will lose 1.6667% for every 1% that the index declines beyond 40%.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes will price Sept. 28 and settle Sept. 30.
The Cusip number is 25190F343.
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