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Deutsche Bank plans Accelerated Return Notes linked to S&P MidCap 400
By Tali Rackner
Norfolk, Va., Dec. 2 – Deutsche Bank AG, London Branch plans to price 0% Accelerated Return Notes due February 2017 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 300% of the index return, subject to a maximum return that is expected to be 10% to 14% and will be set at pricing.
If the index return is negative, investors will be exposed to the decline.
Merrill Lynch & Co. is the agent.
The notes are expected to price and settle in December.
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