Deutsche Bank to price autocallables linked to S&P 500, Russell 2000

By Toni Weeks

San Diego, March 8 - Deutsche Bank AG, London Branch plans to price 0% autocallable securities due March 18, 2014 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized call return of 12% to 15% if both indexes close at or above their initial levels on March 18, 2013 or if they close at 90% or greater of their initial levels on March 13, 2014. They exact call return will be set at pricing.

If the notes are not called and the final levels of both indexes are greater than or equal to their knock-in levels, the payout at maturity will be par. For each index, the knock-in level is 70% of its initial level.

If either index finishes below its knock-in level, the payout will be par plus the return of the worst-performing index.

The notes (Cusip: 2515A1HG9) are expected to price March 13 and settle March 16.

Deutsche Bank Securities Inc. is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.