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Deutsche Bank plans autocallable securities on Hang Seng, MSCI Taiwan
By Toni Weeks
San Luis Obispo, Calif., Sept. 4 – Deutsche Bank AG, London Branch plans to price 0% autocallable securities due Sept. 28, 2017 linked to the lesser performing of the Hang Seng China Enterprises index and the MSCI Taiwan index, according to an FWP with the Securities and Exchange Commission.
The notes will be called at par plus an annualized return of at least 11.2% if each index closes at or above its call level on an annual call date. The exact call return will be set at pricing, and the call level will be equal to the initial level on the call date in 2015, then it will be 95% of the initial level on the call date in 2016 and 90% of the initial level on the final call date.
If the notes are not called and the final level of the worst-performing index is at least 80% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline in the worst-performing index.
The notes (Cusip: 25152RPS6) will price Sept. 25 and settle Sept. 30.
Deutsche Bank Securities Inc. is the agent.
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