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Deutsche Bank plans Accelerated Return Notes linked to tech stocks
By Angela McDaniels
Tacoma, Wash., Nov. 16 – Deutsche Bank AG, London Branch plans to price 0% Accelerated Return Notes due January 2017 linked to a basket of technology sector stocks, according to an FWP filing with the Securities and Exchange Commission.
The basket is composed of salesforce.com, inc. with a 33.34% weight, Apple Inc. with a 33.33% weight and Facebook, Inc. with a 33.33% weight.
If the basket return is positive, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return that is expected to be 12% to 16% and will be set at pricing. Investors will lose 1% for every 1% decline in the basket.
BofA Merrill Lynch is the agent.
The notes are expected to price in November and settle in December.
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