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Deutsche plans Capped Leveraged Index Return Notes linked to S&P 500
By Susanna Moon
Chicago, March 3 - Deutsche Bank AG, London Branch plans to price Capped Leveraged Index Return Notes due March 2016 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 10% to 14%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
BofA Merrill Lynch will be the agent.
The notes are expected to price in March and settle in April.
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