Deutsche Bank plans contingent yield callables linked to index, fund

By Susanna Moon

Chicago, Aug. 30 – Deutsche Bank AG plans to price callable contingent yield securities due Sept. 7, 2022 linked to the lesser performing of the SPDR S&P Biotech ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.7% if each underlying component closes at or above its 65% coupon barrier on the observation date for that quarter.

The notes are callable at par on any quarterly observation date after six months.

The payout at maturity will be par plus the contingent coupon unless either component finishes below its 65% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index or fund.

Deutsche Bank Securities Inc. is the agent.

The notes will price on Sept. 1.

The Cusip number is 25155MDN8.

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