Deutsche Bank to price absolute return notes linked to Russell, S&P

By Angela McDaniels

Tacoma, Wash., Sept. 6 – Deutsche Bank AG, London Branch plans to price 0% securities due Oct. 1, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index finishes at or above its initial level, the payout at maturity will be par plus at least 155% of the return of the lesser-performing index. The exact upside leverage factor will be set at pricing.

If the lesser-performing index finishes below its initial level but at or above its trigger level, 65% of its initial level, the payout will be par plus the absolute value of the lesser-performing index’s return.

If the lesser-performing index finishes below its trigger level, investors will be exposed to the lesser-performing index’s decline from its initial level.

Deutsche Bank Securities Inc. is the agent.

The notes will price Sept. 27.

The Cusip number is 25152R4Z3.

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