Deutsche Bank plans knock-out securities on S&P 500, Russell 2000

By Marisa Wong

Madison, Wis., July 9 – Deutsche Bank AG, London Branch plans to price 0% knock-out securities due July 14, 2016 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

A knock-out event occurs if either underlying closes below its knock-out level, 65% of the initial level, on any day during the life of the notes.

If a knock-out event never occurs, the payout at maturity will be par plus the greater of the return of the lesser performing index and the contingent minimum return. The contingent minimum return will be 8% to 9% and will be set at pricing.

Otherwise, the payout will be par plus the return of the lesser performing index with full exposure to losses.

Deutsche Bank Securities Inc. is the agent.

The notes are expected to price on July 10 and settle on July 15.

The Cusip number is 25152RMB6.

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