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Deutsche plans leveraged buffered notes linked to S&P 500 index
By Jennifer Chiou
New York, Sept. 13 - Deutsche Bank AG, London Branch plans to price 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 14 and 17 months after pricing.
The payout at maturity will be par plus 1.2 times any gain in the index, subject to a maximum settlement amount of between $1,122.40 and $1,146.40 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
The Cusip is 25152RER0.
Deutsche Bank Securities Inc. is the underwriter.
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