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Deutsche Bank plans trigger performance securities on S&P MidCap 400
By Marisa Wong
Madison, Wis., June 6 – Deutsche Bank AG, London Branch plans to price 0% trigger performance securities due June 29, 2018 linked to the S&P MidCap 400 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 107% to 117% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative and the index’s final level is equal to or greater than the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.
The notes are expected to price June 25 and settle June 30.
The Cusip number is 25155Q128.
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