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Deutsche Bank plans trigger autocallable notes on Russell 2000
By Marisa Wong
Morgantown, W.Va., Sept. 3 – Deutsche Bank AG, London Branch plans to price 0% trigger autocallable optimization securities due Sept. 17, 2020 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial index level on any quarterly observation date.
If the notes are not called and the index finishes at or above the trigger level, 55% to 62% of the initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
The exact deal terms will be set at pricing.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes will price on Sept. 11 and settle on Sept. 16.
The Cusip number is 25190F194.
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