Deutsche Bank plans autocallable securities on Russell, iShares EAFE

By Marisa Wong

Madison, Wis., Sept. 4 – Deutsche Bank AG, London Branch plans to price autocallable securities due Dec. 10, 2015 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay quarterly coupons of 5% to 5.5% per year. The exact rate will be set at pricing.

The notes will be automatically called at par plus the coupon if each underlying component closes at or above its initial level on a quarterly observation date.

If the notes are not called and the final level of the lower performing underlying is at least 80% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% decline of the lower performing underlying beyond the 20% buffer.

Deutsche Bank Securities Inc. is the agent.

The notes will price on Sept. 5 and settle on Sept. 10.

The Cusip number is 25152RPV9.

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